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Fly News Breaks for July 31, 2019
VRRM
Jul 31, 2019 | 07:12 EDT
Goldman Sachs analyst James Schneider last night initiated coverage of Verra Mobility with a Neutral rating and $15 price target. The analyst believes Verra can sustain high-single digit revenue growth due to industry tailwinds in Commercial Services, "solid" long-term growth drivers in Government Solutions, and potential future acquisitions. However, he believes the shares are only "modestly undervalued" at current levels.
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