UPDATE: Bank of America Merrill Lynch Maintains Buy Rating, Lowers PT for K12


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In a report issued earlier today, Bank of America Merrill Lynch maintained its Buy rating for K12 Inc. (NYSE: LRN) but lowered its price target from $30.00 to $27.00.BofA Merrill Lynch went on to say “K12 has shown impressive growth to date as a leader in the emerging online public K-12 market. The company has significant top line growth potential without taking into account expansion into new states, and we expect margin expansion as K12 leverages its operations across a larger base of students. K12 has also demonstrated that it can operate and gain market share in a political and regulated market.”K12 Inc. closed yesterday at $19.97.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorPrice TargetReiterationAnalyst RatingsBank of America Merrill LynchConsumer DiscretionaryEducation Services