Advisory Board Company (ABCO) PT Raised to $56 at Stifel; 'Bloomberg Reporting Joint Bid for ABCO' from United Heath (UNH) & Vista Equity Partners

Stifel raised its price target on Advisory Board Company (NASDAQ: ABCO) to $56.00 (from $48.00) while maintaining a Hold rating, following news reports United Health Group (NYSE: UNH) and Vista Equity Partners are close to a deal to buy the company.

Analyst Shlomo Rosenbaum notes the Bloomberg report suggests UNH and Vista Equity Partners plan to acquire the company, then split it up with UNH taking the health care business and Vista taking the education segment.

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