Baird lowered the firm’s price target on 2U to $1 from $1.50 and keeps a Neutral rating on the shares. The firm said results were solid as Q1 wasabove consensus and 2024 guidance is maintained. Baird said they expect ongoing very limited public market interest in 2U’s common equity until its extremely high balance sheet risk is ameliorated.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWOU: