Texas Capital starts Geo Group at Buy, sees growth on immigration enforcement

Texas Capital initiated coverage of Geo Group (GEO) with a Buy rating and $30 price target The company is the largest private prison and immigrant monitoring company in the U.S., and the Trump election victory has made it even more certain that the Administration will carry through on its commitment to increase funding for Immigration and Customs Enforcement monitoring, the analyst tells investors in a research note. With substantial interest in expanding monitoring use in immigration enforcement, Geo faces a huge opportunity to increase revenues and expand margins, the firm added.