Barrington analyst Alexander Paris raised his price target for Grand Canyon Education to $150 from $135 after the company's Q3 results last night topped expectations. The analyst attributes the pullback in the shares today to some confusion over guidance and recommends using the selloff as a buying opportunity. With the completion of the Grand Canyon Education sale and conversion, "significant incremental value" could be unlocked for shareholders as revenue growth is enhanced through additional university contracts and margins trend higher, Paris tells investors in a post-earnings research note. He keeps an Outperform rating on the shares. Grand Canyon in morning trading is down 9%, or $12.13, to $117.22.