Grand Canyon Education stock gains on USD 100 million credit facility
AD HOC NEWS
Grand Canyon Education (LOPE) stock increased by 1.35% after the company secured a new USD 100 million revolving credit facility, primarily aimed at supporting share repurchases. The company reported a 6.7% rise in second-quarter revenue year-over-year, reaching USD 264.05 million. Analysts maintain a "Moderate Buy" consensus with an average 12-month price target of USD 161.67, indicating limited upside from its current price.
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