Analyst downgrades CACI International

NEW YORK - An analyst cut his rating for government and defense contractor CACI International Inc. on Thursday, citing the company's recent strong valuation compared with other defense stocks and the prospect that defense spending will eventually begin to contract. In an investor note, JPMorgan analyst Joseph Nadol downgraded CACI to "Neutral" from "Overweight." Nadol said the stock has been a strong performer compared with both the defense sector and the broader markets. CACI's stock has only fallen by 12 percent in the past month while major indexes have plummeted by more than 20... [read full story]