Geo Group price target raised to $15 from $14 at Wedbush

Wedbush raised the firm’s price target on Geo Group to $15 from $14 and keeps an Outperform rating on the shares. GEO Group reported Q4 results that were above consensus expectations, federal funding for Immigration and Customs Enforcement remains a key factor in this story, and initial guidance provides a range of potential funding outcomes, the analyst tells investors in a research note.