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Fly News Breaks for October 31, 2017
CPLA
Oct 31, 2017 | 08:41 EDT
BMO Capital analyst Jeffrey Silber raised his price target on Capella Education (CPLA) to $103 following Q3 results and merger-of-equals announcement with Strayer (STRA). Silber says the EPS beat was driven by better-than-expected margins, even though revenues and enrollment growth disappointed as a result of market conditions and the impact of the hurricane on southern region. The analyst says the transaction with Strayer is positive for both shareholder bases, keeping his Outperform rating on Capella Education.
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