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Fly News Breaks for September 30, 2019
VRRM
Sep 30, 2019 | 06:35 EDT
BofA/Merrill analyst Ryan Cary upgraded Verra Mobility to Buy with a price target of $16, saying the company's core business appears to be steady over the long term with potential for expanded deal wins and greater traction of new growth initiatives. The analyst is also positive on Verra Mobility's increased rental car penetration and the benefits of "relatively steady"domestic airline booking trends, adding that consensus estimates for the company are not "overly demanding".
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