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Fly News Breaks for May 8, 2019
TWOU
May 8, 2019 | 08:52 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on 2U to $60 after its Q1 results and the management's outlook reset in 2019 graduate program growth. The analyst notes that the reset was a "surprise" but "preferrable to future disappointments" as the company cited greater applicant selectivity and delays to a large program start. Longer term, Silber keeps his Outperform rating on 2U, stating that its implied lower 25% growth rate is still above industry's mid-teens averages.
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