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Fly News Breaks for May 7, 2015
CXW
May 7, 2015 | 09:43 EDT
Macquarie expects Corrections Corp. shares to come under pressure tomorrow when it reports Q1 earnings. The firm expects management to comment on sustainability of population declines in California and further clarity following the revised California state budget next week. The firm remains positive longer-term on shares and said Federal population trends remain strong. Macquarie rates shares an Outperform with a $42 price target.
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