CoreCivic price target raised to $17 from $14 at Wedbush

Wedbush analyst Henry Coffey raised the firm’s price target on CoreCivic to $17 from $14 and keeps an Outperform rating on the shares. The firm notes CoreCivic reported Q3 results that were in-line with its and consensus’ expectations, and raised its FY23 guidance. The company continues to experience some ongoing labor market pressures, but the hiring environment has incrementally improved, and staffing investments have helped CoreCivic to manage a recent increase in occupancy, Wedbush adds.