Cubic downgraded to Hold from Buy at Benchmark Co. Benchmark Co. downgraded Cubic citing a lack of catalysts and defense budget uncertainty following the company's weaker than expected Q1 results. The firm has a $46 price target for shares.
News For CUB From The Last 14 Days
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Cubic acquires Serco's Trabsport Solutions Business for $70M Cubic has completed the acquisition of Serco’s Transport Solutions business for an enterprise value of $70M subject to adjustment as set forth in the purchase agreement. Serco’s Transport Solutions, a UK-based transport technology and services business, had revenues in the last calendar year of approximately $67M and will become a part of Cubic Transportation Systems.