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Fly News Breaks for January 30, 2020
LOPE
Jan 30, 2020 | 07:14 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Grand Canyon to $106 after the company disclosed that it is accelerating new Orbis Edication sites in 2020-21. The analyst notes that given the pre-opening operating loss that each site incurs, he now expects the unit to be break-even this year. Longer term, Silber sees the Orbis site acceleration as a positive development and keeps his Outperform rating on the stock.
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