Barrington Research Reiterates Its Outperform Rating on K12
Barrington Research reiterates its Outperform rating and $35 price target on K12 (NYSE: LRN) in a research report out today following the company's most recent financial results.
In the report, Barrington Research writes, "We view the situation (lower margins) as temporary and yesterday's sell-off provides an excellent buying opportunity. Given its attractive valuation, K12's current business momentum, margin expansion potential, strong market positioning and impressive number of outlets for future growth, we are reiterating our OUTPERFORM investment rating."
Shares of K12 closed today at $22.87, down 5.50% from yesterday's market close.
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