Market Overview

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

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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

Aug 2014Wells FargoDowngradesOutperformMarket Perform
Aug 2014Stifel NicolausDowngradesBuyHold
Feb 2014Morgan StanleyMaintainsOverweight

View More Analyst Ratings for LRN
View the Latest Analyst Ratings

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


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