Market Overview

UPDATE: Stifel Nicolaus Initiates K-12 at Buy on Growth, Digital Exposure

Related LRN
Lost Money On K12 Shares In Late 2013? Wait Until You See What Management Kept From You...It's Not Pretty
K12 Inc. is Expanding in Midst of Headwinds and Changing Dynamics

Stifel Nicolaus initiated coverage on K-12 (NYSE: LRN) with a Buy rating and a $26 price target.

Stifel Nicolaus said, "K-12 Inc is the largest and only pure play provider of online learning to the Kindergarten through 12th grade market; and is positioned to facilitate school choice and participate in the growth of online and individualized learning and the shift to digital delivery of educational content. Growing acceptance of this modality and recognition of its potential for educational efficacy and cost efficiency is driving the market. We believe these factors will eventually overtake the resistance to changing the failing K-12 educational paradigm and the controversy associated with the use of a for-profit model."

K-12 closed at $20.26 on Wednesday.

Latest Ratings for LRN

DateFirmActionFromTo
Oct 2014Barrington ResearchDowngradesOutperformMarket Perform
Aug 2014Wells FargoDowngradesOutperformMarket Perform
Aug 2014Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for LRN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (LRN)

Around the Web, We're Loving...

Get Benzinga's Newsletters