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Fly News Breaks for December 18, 2018
LOPE
Dec 18, 2018 | 12:44 EDT
Barrington analyst Alexander Paris, Jr. reiterated an Outperform rating and $150 price target on Grand Canyon Education after the company announced it has entered into a definitive agreement to acquire Orbis Education Services for $362.5M in cash, an acquisition the analyst views as "atttractive." The analyst noted that Orbis is expected to generate 2018 revenue of $62M with EBITDA expected to be approximately breakeven.
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