BMO Capital lowered the firm’s price target on Strategic Education (STRA) to $86 from $95 and keeps an Outperform rating on the shares. The company’s Q1 results missed consensus, given softer-than-expected U.S. Higher Education segment revenues and margins, the analyst tells investors in a research note. BMO adds, however, that it believes growth rates could improve as the year progresses, though more on easier comps and less worse trends than underlying demand improvement.
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