Verra Mobility price target raised to $27 from $25 at UBS

UBS analyst Nik Cremo raised the firm’s price target on Verra Mobility to $27 from $25 and keeps a Buy rating on the shares. Verra delivered Q4 revenue 4% above Street driven by strong U.S. travel and tolling trends in the Commercial Services segment, with adjusted EBITDA also 4% above Street despite a $4M one-time non-cash charge, the firm said in a research note on Friday.