Stifel Upgrades CACI International to Buy, Raises Price Target to $380
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Bert Subin has upgraded CACI International (NYSE:CACI) from Hold to Buy and increased the price target from $365 to $380, indicating a positive outlook on the company's stock.
January 05, 2024 | 11:01 am
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POSITIVE IMPACT
Stifel's upgrade of CACI International to Buy and the raise in price target to $380 suggests a bullish stance on the company's stock, potentially leading to a positive short term price movement.
Analyst upgrades typically lead to positive short term price movements as they reflect a positive change in the analyst's view of the company's future performance and valuation. The increase in price target further reinforces this positive outlook, suggesting that the analyst believes the stock is undervalued at its current price.
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RELEVANCE 100