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Fly News Breaks for December 18, 2018
ATGE
Dec 18, 2018 | 06:08 EDT
With the recent completion of the sales of DeVry University and Carrington College, Adtalem Global Education becomes a "more focused, more profitable entity, well positioned to benefit from growth in demand for healthcare professionals," Piper Jaffray analyst Peter Appert tells investors in a research note. He calls Adtalem a top education sector pick and keeps an Overweight rating on the shares with a $63 price target. The analyst sees potential for low/mid-teens earnings growth and views the company's business model as defensive.
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