Stride price target lowered to $82 from $108 at BMO Capital

BMO Capital lowered the firm’s price target on Stride (LRN) to $82 from $108 and keeps a Market Perform rating on the shares. The stock sold off on disclosure of a botched platform integration, though the company has not received non-renewal notices from partners on this matter, crediting its goodwill with these organizations, and the management hopes for fixes over the next few months and is optimistic for the upcoming school year, the analyst tells investors in a research note.