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2U stock tanks after Piper Sandler downgrades education-technology stock

·1 min read
2U stock tanks after Piper Sandler downgrades education-technology stock
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Shares of online-education company 2U Inc. were plunging in Wednesday morning trading after Piper Sandler analyst Arvind Ramnani downgraded the stock to underweight from neutral, citing "multiple headwinds facing the industry and business model." Ramnani is concerned about regulatory risk as it relates to the company's revenue-share agreements, the possibility of "digital-learning fatigue," and the potential for the company's university partners to insource management of online programs. "We und