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Fly News Breaks for January 7, 2020
Jan 7, 2020 | 06:54 EDT
Citi analyst Thomas Singlehurst raised his price target for 2U to $28 from $20 after "very mildly" raising his revenue and profit forecasts in the short-term. Although the stock has rebounded significantly since the big selloff over the summer, the risk/reward at 2U "still tilts very favourably" with 20%-plus upside, Singlehurst tells investors in a research note. The analyst's "blue sky bull scenario" offers 159% share upside. He keeps a Buy rating on 2U.
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