Market Overview

UPDATE: Barrington Downgrades K12 Inc. On Near-Term Catalysts

Share:

In a midday note, analyst Alexander Paris from Barrington Research reduced his rating on K12 Inc. (NYSE: LRN), a technology based education company, from Outperform to Market Perform.

This follows a weak enrollment number announced Thursday morning by the company, with operating income now 30-40 million versus a previous consensus of 54.1 million.

Paris cited the lack of any near-term catalyst as the reason for the downgrade, with the company having issued below consensus guidance. Mr. Paris feels the downside is limited from present levels, but prefers to be o the sidelines for now. He goes on to say that he still likes the long-term opportunities in the stock.

Shares of K12 are down 6.5 percent at 14.95.

Latest Ratings for LRN

DateFirmActionFromTo
Sep 2020Sidoti & Co.UpgradesNeutralBuy
Jul 2020Sidoti & Co.DowngradesBuyNeutral
Jan 2020BMO CapitalMaintainsOutperform

View More Analyst Ratings for LRN
View the Latest Analyst Ratings

 

Related Articles (LRN)

View Comments and Join the Discussion!

Posted-In: Alexander Paris Barrington ResearchAnalyst Color Downgrades Top Stories Analyst Ratings

Latest Ratings

StockFirmActionPT
NKEBairdMaintains115.0
ILMNBairdMaintains281.0
ACNBairdMaintains240.0
GRAWells FargoMaintains53.0
NSAWells FargoMaintains37.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com