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.
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