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Fly News Breaks for November 7, 2019
LOPE
Nov 7, 2019 | 08:33 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Grand Canyon to $116, saying that while the company had a "solid" beat on Q3 earnings and raised its FY19 guidance, the management stated on the earnings call that it was notified by the Dept. of Education that it still considers GCU to be a proprietary institution. The analyst notes that the development may not be material to operating results, but increases political risk on the stock.
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