Wunderlich Securities Comments on Corinthian Colleges

Wunderlich Securities provided color on Corinthian Colleges COCO in a research report published today. Wunderlich Securities has a Buy rating and $3.25 price target on Corinthian Colleges. In the report, Wunderlich Securities states, "Management of Corinthian Colleges, Inc. (COCO) made its case again for betterthan-consensus earnings in FY12, citing a number of initiatives to drive better enrollment growth as well as cost savings. Management also did its best to allay regulatory concerns, including an assertion that the company would not violate any of the three-year cohort default rate triggers for FY10. We recognize that COCO shares are wildly out of favor, but we continue to see enormous value in a stock price that reflects the mistaken notion that Corinthian could go out of business." Shares of Corinthian Colleges were trading at $2.03 at the time of posting, down 7.11% from Friday's market close.