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Fly News Breaks for January 28, 2020
LRN
Jan 28, 2020 | 08:17 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on K12 to $23, saying that while the company's Q2 earnings were slightly better than expected, its announced Galvanize acquisition will be dilutive in the near term and thus led to reduced FY20 guidance. The analyst still keeps his Outperform rating on K12, noting that the company's core business has returned to growth and the acquisition will be a positive over the long term.
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