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Fly News Breaks for May 15, 2019
ATGE
May 15, 2019 | 07:21 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Adtalem Global Education to $50 after the company slightly reduced its long-term growth targets and issued FY20 guidance that was just below consensus at its Investor Day presentation on Monday. The analyst maintains his Outperform rating however, saying the company's disclosed strategy to migrate from a "portfolio manager" to "workforce solutions provider" may potentially accelerate growth and expand margins beyond the near term.
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