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Fly News Breaks for July 9, 2018
LOPE
Jul 9, 2018 | 09:36 EDT
Barrington analyst Alexander Paris raised his price target for Grand Canyon Education to $135 after the company sold Grand Canyon University to a nonprofit entity that will retain the GCU name. Incremental value could now be unlocked for Grand Canyon shareholders as revenue growth will be enhanced through additional contracts over time, margins are higher, and short-term earnings dilution is minimal, Paris tells investors in a research note. He reiterates an Outperform rating on the shares.
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