Verra Mobility price target raised to $29 from $28 at Baird

Baird raised the firm’s price target on Verra Mobility to $29 from $28 and keeps a Neutral rating on the shares. The firm expects Q3 results likely roughly in line, and 2024 guidance likely reiterated at upper end of ranges and they like the company and its moat a lot but view risk/reward as balanced.