B. Riley keeps a Buy rating on American Public Education (APEI) after the company said its October course registrations and revenue would be negatively impacted by the ongoing U.S. federal government shutdown. While the ultimate impact on the company’s Q4 results and potentially beyond depends on the length of the government shutdown, the news is a “temporary speed bump,” the analyst tells investors in a research note. Riley believes American Public is executing well against its growth initiatives.
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