Wunderlich Securities Reiterates Grand Canyon Education's Buy Rating

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Wunderlich Securities reiterates its Buy rating and $23 price target on Grand Canyon Education
LOPE
in a research report out today. In the report, Wunderlich Securities writes, "The focus of yesterday's investor meeting was the appeal of the Grand Canyon (
LOPE
) ground campus and the investment merits of this unique asset in an increasingly competitive market. While management's message [was] primarily a defensive one, it also did an effective job of selling its opportunity to continue to gain both online and on-ground share in the Southwest. We reiterate our Buy rating and $23 target." Shares of Grand Canyon Education are currently trading at $17.72, up 1.37% from yesterday's close.
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