CACI named Bullish Fresh Pick at Baird

Baird named CACI (CACI) as a Bullish Fresh Pick, telling investors in a research note that the material pullback in the stock price is tied to ongoing Department of Government Efficiency headline risk, which the firm views as irrational, given limited exposure to at-risk Fed Civil budgets, coupled with a growing mix of software-enabled solutions and hardware technologies, which should evade DOGE spending cuts. The firm views the selloff as overdone and would be an aggressive buyer of the shares. Baird made no change to its Outperform rating or $640 price target