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Fly News Breaks for March 1, 2019
STRA
Mar 1, 2019 | 16:07 EDT
Barrington analyst Alexander Paris raised his price target on Strategic Education to $180 and kept his Outperform rating after its Q4 earnings beat, along with a 9.2% and 10.6% new student enrollment growth at Strayer University and Capella University respectively. The analyst further cites the management's belief that the integration of the two entities whose merger was completed in August remains on track, pointing to its $24M in synergy savings achieved during 2018 - about half of the $50M target.