Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Berenberg Downgrades This Education Services Company

Berenberg (Organization) GCU Department of Education

Berenberg analyst Phillip Leytes downgraded Grand Canyon Education Inc (NASDAQ:LOPE) to Hold from Buy with a price target of $86, down from $110, suggesting an upside of 7.7%.
Given increased uncertainty around the business, Leytes is moving to the sidelines. He expects the business to continue to rely primarily on GCU enrollments that are decelerating, as shown in Q3 results.
He believed that shares are currently fairly valued when he considered the company's significant customer concentration risk and GCU's ongoing dispute with the Department of Education over its nonprofit status.
Price Action: LOPE shares are trading lower by 3.01% at $79.80 on the last check Friday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

US security agencies warn of Russian election disinformation blitz in swing states

US security agencies warn of Russian election disinformation blitz in swing states

Russia the ‘most active threat’ as false tales of election fraud pose risk of violence, say ODNI, FBI and cybersecurity agency

The Guardian - AU

Tropical Storm Rafael Strengthens, Heads Towards Cayman Islands

Tropical Storm Rafael Strengthens, Heads Towards Cayman Islands

Tropical Storm Rafael intensifying into a hurricane, impacting Cayman Islands, Cuba, Jamaica, and potentially Florida. Stay informed and take necessary pre...

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Falsehoods swirling on X and other platforms undermine trust and create potential for violence, critics warn

The Guardian - US

Tropical Storm Rafael spins toward the Cayman Islands as Cuba prepares for hurricane hit

Tropical Storm Rafael spins toward the Cayman Islands as Cuba prepares for hurricane hit

Tropical Storm Rafael is chugging toward the Cayman Islands and is forecast to strengthen into a hurricane en route to Cuba

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Wes Streeting defends tuition fee increase as ‘proportionate and reasonable’

Wes Streeting defends tuition fee increase as ‘proportionate and reasonable’

Health Secretary Mr Streeting, a former president of the National Union of Students, said he would still go to university even with the fee rise.

The Independent UK

Musk-linked Pac accused of targeting Jewish and Arab Americans in swing states

Musk-linked Pac accused of targeting Jewish and Arab Americans in swing states

Future Coalition Pac accused of sending the two groups very different messages about Harris’s position on Gaza

The Guardian - US

Related Stories

Top stories on inkl right now

US security agencies warn of Russian election disinformation blitz in swing states

US security agencies warn of Russian election disinformation blitz in swing states

Russia the ‘most active threat’ as false tales of election fraud pose risk of violence, say ODNI, FBI and cybersecurity agency

The Guardian - AU

Tropical Storm Rafael Strengthens, Heads Towards Cayman Islands

Tropical Storm Rafael Strengthens, Heads Towards Cayman Islands

Tropical Storm Rafael intensifying into a hurricane, impacting Cayman Islands, Cuba, Jamaica, and potentially Florida. Stay informed and take necessary pre...

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Falsehoods swirling on X and other platforms undermine trust and create potential for violence, critics warn

The Guardian - US

Tropical Storm Rafael spins toward the Cayman Islands as Cuba prepares for hurricane hit

Tropical Storm Rafael spins toward the Cayman Islands as Cuba prepares for hurricane hit

Tropical Storm Rafael is chugging toward the Cayman Islands and is forecast to strengthen into a hurricane en route to Cuba

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Wes Streeting defends tuition fee increase as ‘proportionate and reasonable’

Wes Streeting defends tuition fee increase as ‘proportionate and reasonable’

Health Secretary Mr Streeting, a former president of the National Union of Students, said he would still go to university even with the fee rise.

The Independent UK

Musk-linked Pac accused of targeting Jewish and Arab Americans in swing states

Musk-linked Pac accused of targeting Jewish and Arab Americans in swing states

Future Coalition Pac accused of sending the two groups very different messages about Harris’s position on Gaza

The Guardian - US

Our Picks

Taylor Swift shares ‘extremely important’ reminder with fans

Pop star endorsed Kamala Harris after watching her presidential debate against Donald Trump in September

The Independent UK

The 27 Club isn’t true, but it is real − a sociologist explains why myths endure and how they shape reality

There’s a certain allure to the notion that some of the world’s brightest stars burn out at the age of 27. The so-called 27 Club has captivated the public imagination for half a century. Its members include legendary musicians Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain and Amy Winehouse.…

The Conversation

Quincy Jones’s music was the soundtrack to so many Black lives – and something we could be proud of

There will be countless tributes to the revered producer, but for me he evokes happy days growing up and the chaos of family parties, says music industry employee Michelle Kambasha

The Guardian - UK

Dick Van Dyke makes rare social media appearance to endorse US Presidential candidate

'Mary Poppins' star Dick Van Dyke, 98, has made a rare social media appearance to pledge his support to Kamala Harris in the US Presidential race, and he did so by reciting a speech he delivered alongside Martin Luther King Jr. at a 1964 civil rights event.

Rihanna Showed Off Her Glossy Waves With The Blunt Bob of My Dreams

Fall hair inspiration at its finest.

Keanu Reeves confesses to throwing up during John Wick stunts

Keanu Reeves has revealed that he relished the challenge of filming the 'John Wick' movies.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play