CACI price target lowered to $503 from $564 at Wells Fargo

Wells Fargo lowered the firm’s price target on CACI (CACI) to $503 from $564 and keeps an Overweight rating on the shares. The firm’s commercial aero view remains cautious on the pace of aero OE build ramp, similar to its December outlook. Wells’ company calls late in Q4 back up this view, the firm adds. For defense, funding concerns and DOGE risk likely remain an overhang, and Q4 is unlikely to offer much clarity.