American Public Education price target raised to $15 from $8 at Barrington

Barrington raised the firm’s price target on American Public Education to $15 from $8 and keeps an Outperform rating on the shares. The company’s Q4 came in better than expected while the 2024 guidance is roughly in line, the analyst tells investors in a research note. The firm says that while challenges remain, American Public’s Q4 outperformance and 2024 guidance mark a return to growth and profitability as well as improved visibility. Barrington says the shares trade at a “substantial discount” despite its expectations for a return to growth and profitability in 2024.