Verra Mobility price target raised to $22 from $18 at Baird

Baird analyst David Koning raised the firm’s price target on Verra Mobility to $22 from $18 and keeps a Neutral rating on the shares. The firm likes the long-term theme though views the risk/reward as balanced, though could become more constructive if travel trends hold in. Baird also expects Q2 revenue/EPS to be mildly above consensus.