Truist upgraded Strategic Education to Buy from Hold with a price target of $125, up from $110. Given a positive inflection in enrollment momentum and a stable-to-improving regulatory backdrop, the sector is more attractive today, contends the analyst. For Strategic in particular, the firm estimates U.S. Higher Ed segment margins expanding off depressed levels could drive 6%-12% upside to the consensus FY24 EPS forecast.
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Read More on STRA:
- Strategic Education price target raised to $124 from $104 at BofA
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