Laureate Education price target raised to $43 from $40 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Laureate Education (LAUR) to $43 from $40 and keeps an Outperform rating on the shares after meeting with its management team. The firm has come away with greater confidence in its financial model and Laureate’s trajectory ahead, the analyst tells investors in a research note. After a series of divestitures, the company is now focused on higher education in Mexico and Peru – two countries where the middle class is expanding, and while higher education participation rates have increased, they are still below many other major countries, the firm added.