American Public Education price target raised to $15 from $6 at Truist

Truist raised the firm’s price target on American Public Education to $15 from $6 and keeps a Hold rating on the shares. The company reported “impressive” Q4 margins and higher than expected adjusted EBITDA, while the guidance for effectively flat margins in FY24 at the midpoint appears relatively conservative in light of progress made over the past 12 months, the analyst tells investors in a research note.