Geo Group price target raised to $35 from $32 at Noble Capital

Noble Capital raised the firm’s price target on Geo Group (GEO) to $35 from $32 and keeps an Outperform rating on the shares after Geo hosted an investor day at the end of last week. During the event, the company outlined the substantial growth opportunities available under the new programs to manage undocumented migrants, as well as its goal to both significantly reduce debt and return capital to shareholders, the analyst tells investors.