American Public Education price target raised to $41 from $40 at DA Davidson

DA Davidson raised the firm’s price target on American Public Education (APEI) to $41 from $40 and keeps a Buy rating on the shares. The company reported strong Q3 results featuring upside across virtually all metrics, revenue categories, and measures of profitability, the analyst tells investors in a research note. The outperformance was driven by American Public’s continued registration/enrollment momentum, with unit acceleration at all three of APEI’s primary institutions, the firm added.