The Senate version of the “One Big Beautiful Bill Act” aligns with the House version when it comes to spending on immigration, and the proposal should be beneficial to both CoreCivic (CXW) and Geo Group (GEO), Noble Capital tells investors in a research note. Current indications are there will be a significant funding increase for immigration enforcement which likely will lead to increased demand for detention capacity, with both Outperform-rated CoreCivic and Geo well-positioned to capitalize on the increased demand for their services, the firm says.
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