In a report released today, Greg Gibas from Northland Securities initiated coverage with a Buy rating on CoreCivic (CXW – Research Report) and
Shares of Target Hospitality and CoreCivic rose after the two companies signed an agreement to resume operations using CoreCivic existing assets in Texas. Shares of Target Hospitality were 11% higher in premarket trading at $6.16. CoreCivic shares rose by 4.8% to $19.29.
Target Hospitality has entered a five-year lease agreement with CoreCivic to reactivate its Dilley, Texas facility. This agreement revives the South Texas Family Residential Center, which Target previously managed.
The City of Leavenworth and CoreCivic share different definitions of the process necessary for CoreCivic to operate an ICE detention facility at the Leavenworth Detention Center.
DOGE cost-cutter-in-chief Elon Musk likened the U.S. retirement system to a pyramid scheme during a podcast with Joe Rogan.
Another warden at a Tennessee prison run by CoreCivic has been removed from the job with no public explanation.