Author: Ross Wilkers|| Date Published: March 30, 2016
The GovCon Index extended its stretch of positive movement into a third full trading session Wednesday with a gain of 0.204 points to 74.334 as U.S. investors continued to gauge Tuesday’s comments from Federal Reserve Chair Janet Yellen on a potentially slower interest rate hike path for the central bank.
Falls Church, Virginia-based CSRA (NYSE: CSRA) rose 2.37 percent to $27.19 after Zack’s Investment Research upgraded the company’s shares from “hold” to “buy” in a note to investors.
Zack’s currently has the price objective for CSRA at $30 per share.
According to Bloomberg, futures traders have priced in near-zero percent odds of a rate increase at the Fed’s April meeting and 47 percent for a hike by November on Yellen’s speech that indicated the central bank seeks a “cautious” approach to monetary policy in light of a slowing global economy.
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The GovCon Index extended its stretch of positive movement into a third full trading session Wednesday with a gain of 0.204 points to 74.334 as U.S. investors continued to gauge Tuesday’s comments from Federal Reserve Chair Janet Yellen on a potentially slower interest rate hike path for the central bank.
