Wedbush raised the firm’s price target on CoreCivic (CXW) to $42 from $30 and keeps an Outperform rating on the shares. High points include the award of letter contracts from ICE to CoreCivic to restart operations at the California Cicty facility and to restart operations at a Midwest facility that has roughly 1,000 beds, the analyst tells investors in a research note. The firm added that the company is slated to release Q1 results after the market close on May 7, and it sees that as the next catalyst for the name.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CXW:
- Trump Trade: U.S. President threatens additional tariffs on China of 50%
- Trump Administration aims to spend $45B to expand immigrant detention, NYT says
- CoreCivic deal to resume in Texas confirmation of Fed need, says Noble Capital
- Morning Movers: Burlington jumps and Macy’s falls as retailers report earnings
- Target Hospitality enters five-year lease, services pact with CoreCivic
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue