The firm's target price implied shares could climb 23.9% in the next year.
Investors want to get ahead of a potential rally on shares of Strategic Education as the company's earnings strengthen, Bank of America said. Analyst Heather Balsky upgraded the education stock to buy from neutral while pulling back her price target by $9 to $90. Still, Balsky's price target suggested a 23.9% upside from Thursday's close.
mountain Strategic Education, year to date Balsky said recovery has been hurt by processing delays for international students at its Australian college. But she said the company still offer a "share-gain story" because of its relatively low costs and flexible opportunities that can specific target older adults in the workforce. The company's Australian and New Zealand business should recover by the second half of this year, Balsky said. In the U.S.
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