BMO Capital lowered the firm’s price target on McGraw Hill (MH) to $19 from $21 and keeps an Outperform rating on the shares. The company delivered a strong beat as Higher Education outperformed, driven by several factors including share gains, market skew growth, reserve release upside, and product mix, though K-12 was weaker than expected, the analyst tells investors in a research note.
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Read More on MH:
- McGraw Hill price target lowered to $19 from $21 at Baird
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