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Fly News Breaks for November 6, 2018
TWOU
Nov 6, 2018 | 07:48 EDT
Barrington analyst Alexander Paris, Jr. noted that 2U shares were sharply lower in after-market trading after the company's preliminary 2019 earnings guidance came in below consensus expectations due to planned increases in marketing expenses. He lowered his price target on 2U shares to $75 from $100 to account for his lower near-term earnings expectations as well as lower valuation multiples overall, but sees the post-earnings selloff as a buying opportunity and keeps an Outperform rating on the stock.
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