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

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Earnings Scheduled For August 14, 2014

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

View More Analyst Ratings for LRN
View the Latest Analyst Ratings

Posted-In: Jerry Herman StifelAnalyst Color Price Target Analyst Ratings

 

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