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Fly News Breaks for November 13, 2019
TWOU
Nov 13, 2019 | 08:52 EDT
DA Davidson analyst Rishi Jaluria raised his price target on 2U to $26 after its Q3 results showed "early signs of stability" with a focus shift to expense discipline. The analyst notes that the company's graduate program segment and its alternative credential segment performed better than expectations, reflecting the management's efforts to improve operational efficiency. Jaluria is keeping his Neutral rating on the stock however, stating that in spite of the "solid results", he remains in "wait and see" mode on 2U's "obscure" path forward.
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