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Fly News Breaks for August 8, 2019
LRN
Aug 8, 2019 | 08:47 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on K12 to $33, saying that while the company's Q4 earnings beat estimates amid "steady enrollment and positive pricing trend", the management warned it would fall short on FY20 consensus because of the likely loss of a major contract in Georgia. The analyst still keeps his Outperform rating on K12, calling the post-earnings sell-off excessive.
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