Strategic Education price target lowered to $125 from $130 at BMO Capital

BMO Capital lowered the firm’s price target on Strategic Education to $125 from $130 and keeps an Outperform rating on the shares. The company’s Q2 results beat expectations with continued strong U.S. Higher Education segment enrollment growth and accelerating Australia/New Zealand sgment enrollment growth, the analyst tells investors in a research note. While the management’s tempered expectations drove the sell-off however, the decline was “a bit extreme”, BMO added.