Corrections Corporation Of America’s (CXW) Fourth-Quarter Preview
By Benzinga Staff
February 09, 2010 5:04 PM
February 09, 2010 5:04 PM
Analysts at RBC Capital Markets have released an update on Corrections Corporation of America (NYSE: CXW). The company will report results for the fourth-quarter tomorrow.
Analysts expect the company to report results in line with expectations. However, analysts do not expect any positive impact on the company’s share from the fourth-quarter results.
According to analysts, several contract losses, and uncertainties in state budget will prompt management to have a relook on its outlook. Analysts have maintained an Outperform rating for Corrections Corporation of America, with a price target of $26.
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