Fly News Breaks for March 5, 2018
Mar 5, 2018 | 07:06 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Strayer to $95 after the company's Q4 earnings miss, as higher scholarships and operating expenses weighed on revenues and margins. Despite the miss, the analyst notes Strayer's "solid" enrollments were marked by "strong demand" in the company's undergraduate programs, adding that he remains impressed by Strayer's growth despite the competitive environment. Silber keeps his Outperform rating on Strayer.
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