Barrington Research Maintains Outperform rating on Education Management

A report from Barrington Research reiterates its Outperform rating on Education Management EDMC. The report states, “We recently hosted a series of institutional investor meetings in Boston with Education Management Corp., one of the largest providers (by market cap, revenue and enrollment) of proprietary postsecondary education. The tone of the meetings – featuring Jim Sober (Vice President, Finance) – was cautiously optimistic and we are increasingly confident that the worst (from both regulatory and growth perspectives) is behind us with a return to growth (new student enrollment) expected in the second half of calendar 2012.” EDMC closed yesterday at $22.52.