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Fly News Breaks for August 8, 2019
APEI
Aug 8, 2019 | 09:03 EDT
Barrington analyst Alexander Paris downgraded American Public Education to Market Perform from Outperform without a price target. Management's initial Q3 guidance was significantly below expectations, primarily due to the expected declines in Hondros enrollment and margins and a temporary suspension of Navy tuition assistance funds, Paris tells investors in a research note. The analyst cites his "significantly" lower near-term earnings expectations for the downgrade.
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