Strategic Education price target lowered to $97 from $114 at BMO Capital

BMO Capital analyst Jeffrey Silber lowered the firm’s price target on Strategic Education (STRA) to $97 from $114 and keeps an Outperform rating on the shares after its Q4 results. Earnings narrowly beat consensus but came in below BMO’s estimates as the management cited additional investments, even though the company’s enrollment growth slowed as well, the analyst tells investors in a research note. The firm adds that the stock’s selloff may have been exacerbated by Strategic Education’s philosophy of not providing guidance, adding to the uncertainty, though BMO remains positive on the company’s “differentiated product” longer term.