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Stock impact report

Jones Trading Slashes The GEO Group, Inc. (NYSE:GEO)'s Price Target To $37, Maintains Buy Rating [Yahoo! Finance]

Geo Group Inc (The) REIT (GEO) 
Last geo group inc (the) reit earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.geogroup.com
Company Research Source: Yahoo! Finance
stock's price target to $37 from $50, citing the company's slow growth as the reason behind the adjustment. Jones Trading Slashes The GEO Group, Inc. (NYSE:GEO)'s Price Target To $37, Maintains Buy Rating Despite the downward revision, the new price target reflects a 142% upside potential. Moreover, the firm said that it has a positive outlook for all business segments of the company, reflected in the reiteration of its earlier Buy rating on the stock. In September this year, The GEO Group, Inc. (NYSE:GEO)'s subsidiary, BI Incorporated, secured a two-year contract from the U.S. Immigration and Customs Enforcement to continue delivering services for the Intensive Supervision Appearance Program (ISAP). Jones Trading described the contract award as a significant opportunity for the company, while noting that ISAP could continue to face challenges until ICE expands its detention capacity to its target of 100,000. In other news, on November 6, The GEO Group, Inc. (NYSE:GEO) repor Show less Read more
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