Wedbush Maintains Outperform Rating for CoreCivic: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wedbush has reaffirmed its Outperform rating on CoreCivic (NYSE:CXW) and increased its price target from $17.00 to $18.00. CoreCivic's shares have risen 3.6% in the last 24 hours to $15.54. The new price target suggests a potential upside of 15.83%. CoreCivic, a company that operates private prisons and detention centers, has seen the majority of its revenue come from its Safety segment.
February 09, 2024 | 5:00 pm
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Wedbush reaffirms Outperform rating on CoreCivic, raising price target from $17 to $18. Shares up 3.6% to $15.54, with a potential 15.83% upside.
The reaffirmation of the Outperform rating and the increase in price target by Wedbush are strong positive signals for CoreCivic. The analyst's endorsement could lead to increased investor confidence and demand for CXW shares, potentially driving up the stock price in the short term. The company's significant role in the private prison and detention center market, along with its financial performance, particularly in the Safety segment, supports this optimistic outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100