2U price target lowered to $6 from $10 at Piper Sandler

Piper Sandler lowered the firm’s price target on 2U to $6 from $10 and keeps a Neutral rating on the shares post the Q1 results. 2U is executing well in a tough macro environment across its business and management was optimistic on the progress made across multiple regulatory headwinds, the analyst tells investors in a research note. However, Piper says the regulatory dynamics remain fluid and there remains a level of uncertainty around bundled services.