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Fly News Breaks for March 6, 2015
CECO
Mar 6, 2015 | 07:28 EDT
Wells Fargo increased its price target on Career Education after the company reported weaker than expected results but estimated that its EBITDA, excluding certain items, would be positive in fiscal 2015., while the total enrollment of its university growth would increase modestly in fiscal 2015. Wells Fargo believes that the company's turnaround is continuing, while it could sell assets that burn cash and do not comply with gainful employment rules. The firm keeps an Outperform rating on the shares.
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