Market Overview

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

Share:
Related LRN
Students Who Don't Show Up To Class Are Flushing Money Down The Toilet
On Deck Capital, Spanish Broadcasting System, K12 Lead Monday's After-Hours Movers

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 2015BMO CapitalMaintainsMarket Perform
Jan 2015Wells FargoDowngradesOutperformMarket Perform
Oct 2014Barrington ResearchDowngradesOutperformMarket Perform

View More Analyst Ratings for LRN
View the Latest Analyst Ratings

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

 

Related Articles (LRN)

View Comments and Join the Discussion!