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Fly News Breaks for April 11, 2018
BFAM, CPLA, LOPE, STRA, CHGG, TWOU
Apr 11, 2018 | 08:55 EDT
BMO Capital analyst Jeffrey Silber raised his price target on 2U (TWOU) to $97 from $87 and kept his Outperform rating as part of his broader note on publicly traded private education companies, saying 2U is his "favorite growth name" in the space given its accelerating pace of new partnerships and expansion to the U.K markets. The analyst also raised his price target on Chegg (CHGG) to $26 from $20, noting that the company is maintaining "impressive" growth trends in the education technology services. Among the postsecondary education names, Silber raised his price target on Strayer (STRA) to $107 from $95 on investment in new content, Grand Canyon (LOPE) to $112 from $101 on affordable tuition/university campus focus, and Capella Education (CPLA) to $94 from $83 on graduate degree focus. In Pre-K-12 space, the analyst raised his price target on Bright Horizons (BFAM) to $107 from $98, citing "improving demographics and widespread corporate childcare benefits".
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