Adtalem Global Education price target raised to $115 from $95 at Barrington

Barrington analyst Alexander Paris raised the firm’s price target on Adtalem Global Education (ATGE) to $115 from $95 and keeps an Outperform rating on the shares ahead of the fiscal Q2 report on January 30. The firm expects demand for healthcare professionals, which represents approximately 90% of the company’s enrollment, will continue to outpace supply for the foreseeable future. It cites expectations of an improving demand environment for Adtalem’s healthcare-focused programs and continued growth in revenue and margins for the target increase.