Ahead Of The Bell: Caci International,0334

Stock quotes in this article: CAI  

HARTFORD, Conn. (AP) — An analyst upgraded Caci International Inc. Tuesday, saying the military contractor has a strong position in high growth areas of intelligence, cybersecurity and biometrics.

Analyst William R. Loomis of Stifel Nicolaus & Co. Inc. upgraded the Arlington, Va., company to "Buy" from "Hold."

In a note to investors, he said a federal judge's refusal to dismiss a lawsuit against Caci International by alleged torture victims at Iraq's Abu Ghraib prison has pressured the stock. Although the lawsuit creates uncertainty, federal officials have already investigated the accusation and it's unlikely that new information will surface, Loomis said.

In a ruling made public Thursday, a federal judge rejected claims by CACI International that it could not be sued because its interrogators were performing their duties as required by the U.S. government and that none of the plaintiffs allege interaction with anyone at CACI International. The company also said the case involves U.S. policy issues too sensitive for litigation.

Monday, Caci International vowed to pursue all legal alternatives to defend itself and "vindicate the company's good name."

  • Loading Comments...
  •  
< Previous
1 2

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,452.00 1,107.93 2,201.05 36.03
Oil *
72.08
DOWN
49.05
DOWN
6.18
DOWN
11.05
UP
0.57
10 Yr
3.60%
SPDR Gold
110.21
-0.47%
-0.55%
-0.50%
+1.61%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services