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Stock Market & Financial Investment News

News Breaks
March 5, 2013
10:19 EDTCOCO, LOPE, BPI, APEI, LINC, ESI, EDMC, APOL, DV, NAUH, STRA, CECOApollo Group rallies after Deutsche Bank upgrade
For-profit education company Apollo Group (APOL) is climbing after Deutsche Bank analyst Paul Ginocchio upgraded the stock to Hold from Sell in a note to investors earlier today. The valuation of University of Phoenix students reflected by the stock has reached "pretty distressed levels," wrote the analyst. Even if the company's enrollment trends deteriorate farther, the stock is unlikely to fall much below current levels, the analyst believes. The company's Learning Management System - which uses advanced computer learning features to adapt teaching methods to individual students - is worth $2-$6 per share, Ginocchio contends. This system and the company's cash justify a share price of $10-$16 without factoring in the University of Phoenix, the analyst wrote. Finally, the changes that Apollo must make to retain accreditation from the Higher Learning Commission should not significantly lower the company's enrollment trends or increase its costs, added Ginocchio, who retained a $17 price target on the shares. In mid-morning trading, Apollo Group jumped 85c, or 5% to $17. Other for-profit education companies also advanced, with ITT Educational (ESI) gaining 3% to $12.75, Grand Canyon (LOPE) rising 1.7% to $23.45, and Strayer (STRA) climbing 1.2% to $47.50.
News For APOL;APEI;CECO;EDMC;BPI;STRA;ESI;LOPE;NAUH;LINC;COCO;DV From The Last 14 Days
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November 20, 2014
09:06 EDTCOCOCorinthian Colleges to sell 56 Everest ,WyoTech Campuses
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November 19, 2014
07:48 EDTCOCOCorinthian Colleges not in compliance with Nasdaq listing requirements
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November 12, 2014
17:06 EDTCOCOCorinthian Colleges delays filing 10-Q
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12:41 EDTLOPE, ESI, DV, STRA, COCO, CECO, APEI, BPI, APOLFor-profit education stocks look appealing, analyst says
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08:19 EDTDV, LOPE, APEI, APOLJPMorgan to hold a conference
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07:22 EDTSTRA, LOPE, CECO, ESI, APOL, DV, BPI, APEIPiper says time to increase exposure to Education sector
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November 11, 2014
15:01 EDTDVDeVry announces death of board chair Connie Curran
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07:29 EDTLOPEGrand Canyon has many potential buyers, says Wells Fargo
Wells Fargo believes that weak Christian schools looking for momentum could buy Grand Canyon, while strong Christian schools could buy the company as a means of expanding to the West Coast. Struggling NFP student loan guarantee agencies could also look to buy the company, according to Wells, which keeps an Outperform rating on the shares.

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