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Fly News Breaks for August 28, 2019
LAUR
Aug 28, 2019 | 06:16 EDT
Citi analyst Tobias Stingelin raised his price target for Laureate Education to $22 from $19 and reiterates a Buy rating on the shares. The company's investment case has changed "now that the deleverage and portfolio simplification story is virtually behind us," Stingelin tells investors in a research note. He believes Laureate's story will now be more about growth, margin improvement, cash generation, and capital allocation. Management remains committed to generating value for shareholders, contends the analyst. Stingelin believes this, combined with less "complexity," a stronger balance sheet and capital discipline, translates into a "cleaner" investment story.
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