Strategic Education price target lowered to $120 from $145 at Truist

Truist analyst Jasper Bibb lowered the firm’s price target on Strategic Education to $120 from $145 and keeps a Buy rating on the shares. The firm is citing lower multiples for Education names but also notes that the recent pullback in the stock since the start of September is overdone, remaining positive on prospects for operating leverage driven margin gains over the coming years, the analyst tells investors in a research note. Shifting regulatory tides in Australia have emerged as a primary near-term fundamental risk, with proposed caps on international student levels potentially representing a headwind to FY25/FY26 enrollment levels, the firm added.