GEO's PT Raised By Ladenburg Thalmann

The GEO Group, Inc. (NYSE: GEO) is having its Buy rating reiterated and price target raised to $27 (from $25) by Ladenburg Thalmann due to synergies from the Cornell acquisition and an improved outlook for the company.

2Q revenues were in-line with Ladenburg's estimates and higher gross margins offset merger-related G&A expenses, as GEO reported $280M in revenues for 2Q, just $3M below Ladenburg's $283M forecast.

The GEO Group, Inc. closed yesterday at $22.37.

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