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Fly News Breaks for August 17, 2018
CACI
Aug 17, 2018 | 07:34 EDT
SunTrust analyst Tobey Sommer raised his price target on CACI to $210, saying the company's acquisition of CSRA's Systems Engineering and Acquisition Support Services business unit is positive in differentiating its capabilities and expanding its presence. The analyst raises his FY19 EPS view to $9.28 from $9.17 and expects the company to meet its FY19 organic growth target of 3.0-3.4%. Sommer keeps his Hold rating, but adds that he will look for signs of greater organic growth traction going forward.