CoreCivic Secures Major Financial Boost for Strategic Growth

Shares of the prison-focused real estate investment trust CoreCivic are responding to a significant corporate development aimed at strengthening its balance sheet. The company’s management has executed a pivotal move to dramatically enhance its financial flexibility and strategic options.

Market experts maintain a generally optimistic outlook on CoreCivic’s prospects. The consensus price target among analysts stands at $34.00, compared to a recent share price hovering around $18.30. This gap implies a potential upside of approximately 85 percent for the equity. The company’s success in expanding its credit facilities without increasing interest rate margins, coupled with secured funding through October 2028, is cited as a solid basis for Read more...