Adtalem Global Education price target raised to $138 from $120 at BMO Capital

BMO Capital raised the firm’s price target on Adtalem Global Education (ATGE) to $138 from $120 and keeps an Outperform rating on the shares. The company’s results beat expectations as Walden growth offset slowing Chamberlain results, the analyst tells investors in a research note. The management also noted improvements in marketing efficiency and enrollment funnel conversion at Chamberlain, hoping leading to enrollments once again increasing this fall, the firm added.