Prison operator GEO jumps after Citron Research says stock could hit $20
** Geo Group Inc's GEO.N shares jump 6.3% to $8.04, about 4-month high early Weds, after Citron Research post on social media platform X (formerly Twitter)
** "$GEO could see a resurgence to $20, given the pressing need for law and order in our cities, currently burdened with significant crime and migrant issues," Citron said in post
** Separately, Biden administration officials kept immigration jails despite internal cost concerns, according to ICE memo reviewed by Reuters
** Six of the nine detention centers identified in the memo were operated by private cos, including CoreCivic CXW.N and Geo
** CXW shares on Weds rising 5.1% to $11.18, highest since Feb
** With moves on the session, GEO shares down ~27% YTD, while CXW shares off ~3%
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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