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Fly News Breaks for March 1, 2017
ABCO
Mar 1, 2017 | 08:12 EDT
Oppenheimer analyst Mohan Naidu raised his price target for The Advisory Board to $52 from $45 after the company posted better than expected growth in contract value and EPS, while revenues came in slightly lower. The analyst believes there is still upside in valuation if a transaction were to materialize based on the sum of parts valuation, which unlocks value on the HigherEd segment. He reiterates an Outperform rating on the shares.
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