Jefferies: Strategic Positioning Driving Growth for Ambrow Education
According to a research report published today by Jefferies, Ambrow Education (NYSE: AMBO) reported higher-than expected 4Q11 results today.
In the report, Jefferies commented, “We expect FY12 revenue growth to be driven by career enhancement segment for their leading position and three strengths including university cooperation, established practical training centers and updated course materials, and K-12 tutoring to be another driver for center ramping up, utilization increase and steady ASP growth. Overall growth is back to organic. Maintain Buy.”
Jefferies reiterates its $10 PT on Ambrow Education, which closed Friday at $7.29.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.