real-time news and commentary for investors
Friday, Apr 26
For-profit education names are lower across the board, taking a step back after yesterday's...
For-profit education names are lower across the board, taking a step back after yesterday's gains. This week saw both DeVry (DV -3.7%) and ITT Educational (ESI -10.6%) report significant Y/Y declines in enrollment ( -17% at DV's namesake university and -14.2% total student enrollment at ESI) and today investors seem to be second guessing ESI after Thursday's rally as a price target hike at Barclays ($16) is overshadowed by Compass Point's downgrade and revised target ($12). Sector roundup: (APOL -0.7%), (CECO -3.5%), (STRA -0.5%), (LINC -3.7%), (LOPE -1.2%), (BPI).