Perdoceo Education price target raised to $27 from $25 at Barrington

Barrington raised the firm’s price target on Perdoceo Education to $27 from $25 and keeps an Outperform rating on the shares after the company agreed to acquire 100% ownership of the University of St. Augustine for Health Sciences, or USAHS, for $142M-$144M in cash at closing and also reaffirmed its full-year 2024 guidance. USAHS is one of the country’s leading universities offering graduate health sciences degrees through its network of five campuses in San Marcos, California, St. Augustine and Miami, Florida, and Austin and Dallas, Texas, as well as through its online programs, the firm noted.