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Fly News Breaks for May 8, 2019
TWOU
May 8, 2019 | 08:58 EDT
Needham analyst Ryan MacDonald lowered his price target on 2U to $75 after the company's lowered FY19 growth outlook that was driven by the lower admit rates from a broad range of programs across its Domestic Graduate Program portfolio. The analyst keeps his Buy rating however and believes that the near-term sell-off in the stock will create an "attractive buying opportunity." Outside 2U's graduate program offerings, the analyst is positive on the company's "short course, new program launches, and the pending Trilogy acquisition" catalysts.
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