BofA analyst Heather Balsky upgraded Strategic Education to Buy from Neutral with a price target of $90, down from $99. The analyst sees potential for earnings beats and views the shares as attractive after the 25% pullback. Strategic Education’s enrollment is exceeding plan amid favorable macro tailwinds and its margins will be boosted by waning investments, the analyst tells investors in a research note. The firm says concerns regarding a student loan default spoke are overdone.
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