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2U price target lowered to $1.70 from $4 at Piper Sandler

Piper Sandler lowered the firm’s price target on 2U to $1.70 from $4 and keeps a Neutral rating on the shares following quarterly results. Despite the solid quarter, 2U lowered its FY23 revenue guidance from previous range of $985M-$995M to $965M-$990M, compared to the Street’s estimate of $979.8M, the firm notes.

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