Strategic Education price target raised to $123 from $103 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Strategic Education to $123 from $103 and keeps an Outperform rating on the shares. The company’s Q4 results topped expectations with broad-based revenue and margin strength across segments, the analyst tells investors in a research note. The U.S. Higher Education Segment revenue growth was driven by enrollments, while its Australia/New Zealand segment benefited from recovery in pricing, the firm noted.