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Fly News Breaks for February 27, 2018
TWOU
Feb 27, 2018 | 07:53 EDT
Needham analyst Kerry Rice raised his price target on 2U to $90 after the company's "strong" Q4 earnings and FY18 outlook. The analyst points to especially strong performance at GetSmarter segment, the company's first international graduate program expanding the total overseas addressable market, and profitability growth from 2U's on-boarding of new programs despite the "heavy" upfront investment. Rice keeps his Buy rating on 2U.
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