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Fly News Breaks for October 6, 2017
TWOU
Oct 6, 2017 | 08:06 EDT
Needham analyst Kerry Rice raised his price target on 2U to $66 following the company's analyst day, citing greater confidence in its ability to achieve 30% top-line growth in its Domestic Graduate Platform business over the next few years. While the number of its DGP launches will initially flatten margins in FY18, as these programs mature the margins will expand as in other cohorts, writes Rice in his research note. The analyst keeps his Buy rating on the stock.
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