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American Public upgraded to Outperform from Market Perform at William Blair

American Public upgraded to Outperform from Market Perform at William Blair

William Blair analyst Stephen Sheldon upgraded American Public Education (APEI) to Outperform from Market Perform without a price target The company’s Q4r results were strong, with the highest organic growth it has delivered since early 2021, and a notable beat on profit, the analyst tells investors in a research note. The firm says American Public has made significant progress improving first-time NCLEX pass rates, and management said this improvement has continued to translate into stronger enrollment trends at Rasmussen, a core driver of the improving profitability story. It cites an “encouraging profit inflection” at the company’s nursing colleges for the upgrade.

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