Strategic Education price target raised to $135 from $125 at Barrington

Barrington raised the firm’s price target on Strategic Education to $135 from $125 and keeps an Outperform rating on the shares after the company announced Q1 results that “significantly topped expectations.” While noting that the stock, which is up 25% year-to-date after surging 15% today, is trading at a premium to its postsecondary education peer group, the firm believes the company can grow revenues at a mid- to high-single-digit rate with adjusted operating margins in the low- to mid-20% range longer term.