Adtalem Global price target raised to $55 from $48 at Barrington

Barrington raised the firm’s price target on Adtalem Global Education to $55 from $48 and keeps an Outperform rating on the shares. The company beat fiscal Q4 expectations and raised its full year earnings guidance at the midpoint, the analyst tells investors in a research note. While there continues to be near-term challenges due to tight labor market, inflation and recession fears, these headwinds will subside over time and demand for healthcare professionals will continue to outpace supply “for the foreseeable future,” says the firm.