CACI price target raised to $450 from $410 at Truist

Truist raised the firm’s price target on CACI to $450 from $410 and keeps a Buy rating on the shares after its Q3 earnings beat. The stock’s discount valuation reflects the perception of CACI as a sub-par organic grower despite the best trailing-12-month book-to-bill in the group, the analyst tells investors in a research note. CACI is one of the most interesting capital deployment stories, with net leverage down to 2.0-times and a long history of M&A value creation, the firm added.