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Fly News Breaks for December 27, 2017
GDOT, ICFI, EGOV, MANT, CSRA, CACI
Dec 27, 2017 | 07:36 EDT
Loop Capital analyst Joseph Vafi noted that federal IT services companies should see an outsized benefit from changes to the corporate tax code, stating that a reduction in the federal corporate tax rate may be offset a bit for some in the space due to the disallowance of deductibility of interest expense. He points to CACI (CACI), CSRA (CSRA), ManTech (MANT), NIC Inc. (EGOV), ICF International (ICFI) and Green Dot (GDOT) as among those who stand to benefit from the new tax law.
News For CACI;CSRA;MANT;EGOV;ICFI;GDOT From the Last 2 Days
CACI
Apr 30, 2024 | 06:28 EDT
Wells Fargo raised the firm's price target on CACI to $468 from $410 and keeps an Overweight rating on the shares. The firm's updated estimates are ahead of consensus for FY25, which bakes in just 2% growth off of the high end of CACI's FY24 guidance despite new program wins still ramping and very low 1% recompetes.
