Deutsche Bank Thinks CoreCivic Inc’s Stock is Going to Recover

By Jason Carr

Deutsche Bank analyst Kevin Mcveigh maintained a Buy rating on CoreCivic Inc (NYSE: CXW) today and set a price target of $33. The company’s shares closed yesterday at $21.66, close to its 52-week low of $19.59.

According to TipRanks.com, Mcveigh is a 3-star analyst with an average return of 5.8% and a 63.2% success rate. Mcveigh covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Korn/Ferry International, and Moneygram International.

Currently, the analyst consensus on CoreCivic Inc is Moderate Buy and the average price target is $33.50, representing a 54.7% upside.

In a report issued on January 31, SunTrust Robinson also reiterated a Buy rating on the stock with a $34 price target.

The company has a one-year high of $35.33 and a one-year low of $19.59. Currently, CoreCivic Inc has an average volume of 1.01M.

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CoreCivic, Inc. operates as a government solutions company which develops and manages prisons and other correctional facilities. It operates through the Owned and Managed, and Managed-Only segments. It CoreCivic Safety, CoreCivic Properties, and CoreCivic Community. The company was founded by Thomas W. Beasley, T.