2U downgraded to Market Perform from Outperform at Barrington

Barrington downgraded 2U to Market Perform from Outperform after the company reported Q3 results that the firm says “were generally in line with or above consensus expectations,” but full-year revenue guidance was reduced. The firm is moving to the sidelines given the limited near-term visibility and lowering its rating until the company’s looming debt maturities are refinanced and it sees “more clearly the impact of the portfolio management activities on the P&L,” the analyst tells investors.