From Earlier: Jefferies Raises CACI Intl. PT
Jefferies raised its CACI International (NYSE: CACI) price target from $55 to $57 in a research report published today. Jefferies has a Hold rating on the company.
In the report, Jefferies stated, "We continue to prefer SAI in the Government IT space, given SAI's 4.2% dividend yield (vs. zero at CACI). SAI's recent demand commentary combined with that of CACI yesterday makes us incrementally comfortable with near-term funding trends, though we were somewhat surprised by CACI's comments on yesterday's call that full-blown sequestration would not have a material impact on the company until after F13."
Shares of CACI International were trading at $49.03 at the time of posting, down 0.95% from Thursday's market close.
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