Zacks Investment Research downgraded shares of CORRECTIONS CRP (CXW) from NEUTRAL to UNDERPERFORM on May 31, 2012, with a target price of $24.90.
Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. The company is one of the industry leaders in private sector corrections with beds in facilities under contract for management in the United States and Puerto Rico. The company's full range of services includes design, construction, ownership, renovation and management of new or existing jails and prisons, as well as long distance inmate transportation services. (Company Press Release)
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