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Shares of Career Education (CECO -14.3%) suffer another beating on top of yesterday's 48% swoon,...

Shares of Career Education (CECO -14.3%) suffer another beating on top of yesterday's 48% swoon, dropping to an 11-year-low $6.95 at one point, after the for-profit educator's disappointing Q3 results and departure of its CEO. Wunderlich downgrades shares to Hold and reduces its target price to $12 from $23.
Comments (3)
  • wyostocks
    , contributor
    Comments (7650) | Send Message
     
    Reduced the PT from 23 to 12 and it is a HOLD?
    So much for credibility.
    3 Nov 2011, 01:58 PM Reply Like
  • equityguy123
    , contributor
    Comments (25) | Send Message
     
    I always laugh at these sell side downgrades after the stock has blown up! The sell side is always good at being reactionary, but is very rarely proactive before the fact.
    3 Nov 2011, 02:25 PM Reply Like
  • wyostocks
    , contributor
    Comments (7650) | Send Message
     
    You are right. Why does anyone pay these clowns.
    3 Nov 2011, 02:32 PM Reply Like
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