Geo Group named a ‘2024 Top Pick’ at Northland

Northland named Geo Group as a “2024 Top Pick,” citing the belief that the company is well positioned to benefit from increased demand for its diversified government service offerings with ICE, USMS, state correctional agencies, and reentry services. The firm believes Geo can benefit from increased funding for ICE beds as well as increased usage of electronic monitoring with increasing migration challenges in many cities across the U.S., says the analyst, who has an Outperform rating and $14 price target on the shares.