Wells Fargo Starts K12, Inc. (LRN) at Outperform
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Price: $29.87 -2.26%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade LRN Now!
Wells Fargo initiated coverage on K12, Inc. (NYSE: LRN) with an Outperform rating and a $34-$37 valuation range.
The company called K12 a "dominant player in the emergent virtual school market as well as a leading player in the evolving digital curriculum content market, and believe that it represents a unique pure-play investment opportunity in inevitable digital transformation of the U.S. K-12 education system. In our opinion, public virtual schools should continue to take share in the $660 billion U.S. elementary and secondary education market, and as the undisputed leader in the category, K12 Inc. is likely to be the chief beneficiary."
For an analyst ratings summary and ratings history on K12, Inc. click here. For more ratings news on K12, Inc. click here.
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The company called K12 a "dominant player in the emergent virtual school market as well as a leading player in the evolving digital curriculum content market, and believe that it represents a unique pure-play investment opportunity in inevitable digital transformation of the U.S. K-12 education system. In our opinion, public virtual schools should continue to take share in the $660 billion U.S. elementary and secondary education market, and as the undisputed leader in the category, K12 Inc. is likely to be the chief beneficiary."
For an analyst ratings summary and ratings history on K12, Inc. click here. For more ratings news on K12, Inc. click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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