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Fly News Breaks for September 6, 2018
TWOU
Sep 6, 2018 | 06:03 EDT
Piper Jaffray analyst Peter Appert started 2U with a Neutral rating and $94 price target. The company has a "large market opportunity and robust near-term revenue momentum," but its valuation at current share levels is "rich," Appert tells investors in a research note. The analyst also sees limited visibility into the timing of a turn to positive free cash flow. He'd look for opportunities to become more aggressive on any share pullbacks.
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