Strategic Education price target lowered to $95 from $105 at Barrington

Barrington analyst Alexander Paris lowered the firm’s price target on Strategic Education (STRA) to $95 from $105 and keeps an Outperform rating on the shares after the company reported Q1 results that were below expectations. The firm has “chosen to be conservative” with an updated revenue estimate that is below the low end of the notional range of 4%-6% and adjusted operating margin expansion below the notional target of 200 basis points, the analyst tells investors.