American Public Education price target raised to $31 from $28 at B. Riley

B. Riley analyst Griffin Boss raised the firm’s price target on American Public Education (APEI) to $31 from $28 and keeps a Buy rating on the shares. American Public Education’s Q1 revenue and EBITDA were well ahead of consensus estimates, with the company benefiting from strong tuition collections and the reduction of operating losses at Rasmussen, the analyst tells investors in a research note. American Public is in the process of consolidating operations under one single institution, which could produce several possible revenue synergies, particularly in the company’s healthcare division, the firm says.