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Fly News Breaks for November 8, 2017
TWOU
Nov 8, 2017 | 09:08 EDT
Needham analyst Kerry Rice raised his price target on 2U to $72 and kept his Buy rating after Q3 earnings and a preliminary outlook for FY18 revenue growth. Rice says the company's expectations are likely to be conservative, noting that its core DGP business will continue growing revenue at +30%. The analyst also says the company's 2U and GetSmarter products create an opportunity to cross-sell, expand internationally, and generate marketing synergies.
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