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Fly News Breaks for August 10, 2017
GEO
Aug 10, 2017 | 07:44 EDT
Canaccord analyst Michael Kodesch believes GEO Group investors remain cautious on ICE and USMS populations but the most recent data is pointing to improving fundamentals. He also noted the company reset guidance and expectations and believes normalization in apprehension trends and budget processes will support stability and contract growth. Kodesch reiterated his Buy rating on GEO Group shares but lowered his price target to $31 from $35.
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