Prison operator GEO jumps after Citron Research says stock could hit $20

<html xmlns=""><head><title>BUZZ-Prison operator GEO jumps after Citron Research says stock could hit $20</title></head><body>

** 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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