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Fly News Breaks for March 5, 2018
Mar 5, 2018 | 05:19 EDT
Piper Jaffray analyst Peter Appert upgraded Strayer Education (STRA) to Overweight and raised his price target for the shares to $118 from $96. First Analysis last night also upgraded the shares. The pending merger with Capella Education (CPLA) will create a "larger, more profitable, and strategically well positioned" education provider with potential for "sharp" earnings gains over the next two years, Appert tells investors in a research note. He sees acquisition synergies creating near-term earnings upside.
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