Piper Jaffray Comments On Education Sector (LOPE, BPI, DV, APEI, CPLA)
Piper Jaffray is out with a research note this morning focusing on the education sector.
In the note, Piper Jaffray states, "Countervailing forces in the education sector suggest continued volatility in these stocks on a near-term basis. While regulatory risk appears to be easing, reinforced by a House measure to delay action on Gainful Employment, underlying fundamentals are deteriorating, with decelerating enrollment trends and a negative bias in estimate revisions. We think there's money to be made in the education stocks over the next 12-18 months, but continue to believe it's too early for broad exposure to the group."
Companies of interest, according to Piper Jaffray's research note, included Grand Canyon Education (NASDAQ: LOPE), Bridgepoint Education (NYSE: BPI), DeVry (NYSE: DV), American Public Education (NASDAQ: APEI), and Capella Education (NASDAQ: CPLA).
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