Truist Securities' initiation of coverage on Strategic Education with a Hold rating and a price target of $85 indicates a neutral outlook for the stock. The Hold rating suggests that the analyst believes the stock is fairly valued at its current price and does not expect significant price movement in the short term. The price target of $85 provides a reference point for investors, but the Hold rating implies that the stock is not expected to outperform or underperform the market in the near term.