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California to Rent Prison Cells; Corrections Corporation (CXW) / GEO Group (GEO) on Watch

September 12, 2013 9:02 AM EDT Send to a Friend
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Price: $32.55 --0%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Corrections Corporation of America (NYSE: CXW) and The GEO Group, Inc. (NYSE: GEO) might trade higher by 5% today in response to news California Governor Jerry Brown won approval to spend $1 billion to rent thousands of prison cells from the companies to reduce overcrowding, according to SunTrust Robinson Humphrey analyst Tobey Sommer.

SunTrust Robinson Humphrey has a Buy rating on both stocks.

For an analyst ratings summary and ratings history on Corrections Corporation of America click here. For more ratings news on Corrections Corporation of America click here.

Shares of Corrections Corporation of America closed at $33.72 yesterday.

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