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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STRA:
- Strategic Education price target raised to $124 from $104 at BofA
- Strategic Education price target raised to $123 from $103 at BMO Capital
- Strategic Education price target raised to $110 from $92 at Truist
- Strategic Education price target raised to $125 from $100 at Barrington
- Strategic Education reports Q4 adjusted EPS $1.68, consensus $1.34
