Adtalem Global Education initiated with a Buy at Jefferies

Jefferies initiated coverage of Adtalem Global Education (ATGE) with a Buy rating and $135 price target The firm sees room for the shares to “keep running,” saying Adtalem is the best way to play the long-term structural supply deficit in healthcare labor, which should drive sustainable market growth. The company also has a “differentiated” free cash flow and buyback profile, along with a “clean” near-term setup against conservative guidance, the analyst tells investors in a research note.