BMO Capital Cuts K12, Inc. (LRN) to Market Perform, Slashes PT

October 9, 2013 7:18 AM EDT
Get Alerts LRN Hot Sheet
Price: $17.27 --0%

Rating Summary:
    6 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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BMO Capital downgraded K12, Inc. (NYSE: LRN) from Outperform to Market Perform with a price target of $22.00 (from $40.00). Analyst Jeffrey Silber made note of slowing enrollment in Q1. He sees a lack of near-term catalysts and, importantly, said part of short-seller thesis about slowing enrollment growth may be only beginning to play out.

For an analyst ratings summary and ratings history on K12, Inc. click here. For more ratings news on K12, Inc. click here.

Shares of K12, Inc. closed at $28.59 yesterday.

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