Wedbush Downgrades CoreCivic to Neutral, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has downgraded CoreCivic (NYSE:CXW) from Outperform to Neutral and lowered the price target from $19 to $14.

June 11, 2024 | 12:50 pm
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Wedbush analyst Jay McCanless downgraded CoreCivic from Outperform to Neutral and reduced the price target from $19 to $14, indicating a less optimistic outlook for the stock.
The downgrade from Outperform to Neutral and the significant reduction in the price target from $19 to $14 by a reputable analyst suggests a less favorable short-term outlook for CoreCivic. This is likely to negatively impact investor sentiment and the stock price.
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IMPORTANCE 80
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