Chegg upgraded to Buy from Hold at Craig-Hallum

Craig-Hallum analyst Alex Fuhrman upgraded Chegg to Buy from Hold with a price target of $25, up from $20. The firm sees "encouraging" signs that higher education enrollment is improving and is upgrading the shares as it sees Chegg being a "key benificiary." Chegg plans to report Q1 results on May 1 and the firm is expecting an "in-line quarter" and doesn’t expect full year guidance to be changed, it added.