Stride price target raised to $139 from $134 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Stride (LRN) to $139 from $134 and keeps an Outperform rating on the shares. The firm’s recent investor meetings with the company’s management team focused on current drivers of its business and the political and macroeconomic environment and its impact, the analyst tells investors in a research note. The stock has pulled back recently on government funding and Department of Education news flow, but BMO recommends that investors take advantage of the drawdown.