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Fly News Breaks for June 21, 2018
CACI
Jun 21, 2018 | 06:11 EDT
Loop Capital analyst Joseph Vafi raised his price target on CACI to $188, saying the company's initial FY19 revenue growth outlook of 3% is better than the 2% he expected and its operating leverage is greater than he anticipated. The analyst cites strong contract management, tailwinds from fixed price work, and some cost savings from the shared service center. Vafi adds that despite lagging some of the competitors on organic revenue growth, CACI has very strong relative contract execution, keeping his Buy rating on the stock.
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