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Stock Market & Financial Investment News

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May 27, 2014
07:22 EDTESICharges against ITT Educational 'manageable if not minimal,' says Wells Fargo
After speaking with an attorney with expertise in the Consumer Financial Protection Bureau, Wells Fargo believes that the charges against ITT Educational levied by the bureau are probably "manageable, if not minimal for the company." The firm thinks the company would lose a maximum of $375M in a trial and it keeps a $34-$37 price target and Outperform rating on the shares.
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