Truist raised the firm’s price target on Strategic Education to $145 from $125 and keeps a Buy rating on the shares. The company reported a strong Q1, led by enrollment outperformance in both the U.S. Higher Education segment and the Australia/New Zealand segment, the analyst tells investors in a research note. Strategic Education is clearly tracking well ahead of the enrollment and margin tempo assumed in consensus FY24 estimates, the firm added.
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Read More on STRA:
- Strategic Education reports Q1 adjusted EPS $1.11, consensus 59c
- Strategic Education upgraded to Buy from Hold at Truist
- Strategic Education price target raised to $124 from $104 at BofA
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- Strategic Education price target raised to $110 from $92 at Truist
