Morgan Stanley initiated coverage of Phoenix Education (PXED) with an Overweight rating and $45 price target The firm says the company’s “leading brand awareness and structural tailwinds” should support continued share gains. The stock’s valuation discount to Phoenix’s for-profit peers should close, driving share outperformance, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PXED: