BMO Capital analyst Jeffrey Silber raised his price target on Grand Canyon to $123 after the company's recent 8K disclosure of an asset purchase agreement with with Gazelle University and its new master services agreement / restructuring into a non-profit university / for-profit services firm. The analyst notes that while the transaction may be mildly dilutive to expected FY18 EPS, the benefits will "more than offset this", and expects Grand Canyon to update its forward looking guidance at its upcoming earnings call in early August. Silber keeps his Outperform rating on Grand Canyon.