K12 ticks up on Stifel PT hike

Shares of K12 (LRN +1.5%) tick up after Stifel hikes its PT to $39 from $33 and maintains a Buy rating.

Stifel cited strong Q4 results, an encouraging growth pipeline, and the opportunity for margin expansion.

However, the firm called LRN's 11.2% jump yesterday an "outsized positive reaction," and is removing the stock from Stifel's Select List.

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