Bank of America Maintains Neutral Rating and $102 PT on Strayer Education

A report from Bank of America reiterates its Neutral rating and $102 price target on Strayer Education STRA. The report states, “We view Strayer as a high quality operator but remain Neutral given continued uncertainty in underlying trends. Near-term, we expect continued margin contraction on declining revenues as Strayer operates a highly fixed costs business.” STRA closed yesterday at $91.08.