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Fly News Breaks for November 13, 2019
TWOU
Nov 13, 2019 | 08:24 EDT
BMO Capital analyst Jeffrey Silber raised his price target on 2U to $24 after its better than expected Q3 results and a raise of the low end of its 2019 revenue guidance. The analyst notes that the company did not address the recent media speculation regarding activist activity, adding that while he remains positive on the stock as a "strong growth story in education", the significant upside reaction in the after-market was still "a bit surprising". Silber keeps his Market Perform rating on 2U shares.
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