Market Overview

UPDATE: Stifel Raises PT on K12 Following Solid 4Q Report

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In a report published Friday, Stifel analyst Jerry Herman reiterated a Buy rating on K12 (NYSE: LRN), and raised the price target from $33.00 to $39.00.

In the report, Stifel noted, “LRN reported a solid 4Q, cited strong new business development activity, efforts to improve academic quality, improving funding environment, and provided comfort with existing FY14 consensus expectations. Given the continued strong growth pipeline and margin expansion opportunity, we are maintaining our Buy rating. However, given the outsized positive reaction, we are removing the stock from the Stifel Select List.”

K12 closed on Thursday at $35.55.

Latest Ratings for LRN

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

View More Analyst Ratings for LRN
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Posted-In: Jerry Herman StifelAnalyst Color Price Target Analyst Ratings

 

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