UPDATE: Citigroup Reiterate on Grand Canyon Education on Strong 4Q13, Solid 2014 Outlook

In a report published Friday, Citigroup analyst Philip Stiller reiterated a Buy rating on Grand Canyon Education (NASDAQ: LOPE ), and raised the price target from $50.00 to $53.00. In the report, Citigroup noted, “LOPE reported another strong quarter with encouraging trends across the board (new online enrollment, retention, margins).