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Fly News Breaks for August 2, 2018
STRA
Aug 2, 2018 | 06:13 EDT
Piper Jaffray analyst Peter Appert raised his price target for Strategic Education to $165 citing the company's "impressive" Q2 enrollment momentum. The analyst raised his estimates to reflect enrollment growth outperforming and the merger closing sooner than he had originally modeled. He sees "continued appealing upside potential that can be both earnings-growth and P/E multiple expansion driven." Appert keeps an Overweight rating on Strategic Education.
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