2U price target lowered to $1 from $1.50 at Baird

Baird lowered the firm’s price target on 2U to $1 from $1.50 and keeps a Neutral rating on the shares. The firm said results were solid as Q1 wasabove consensus and 2024 guidance is maintained. Baird said they expect ongoing very limited public market interest in 2U’s common equity until its extremely high balance sheet risk is ameliorated.