UPDATE: Piper Jaffray Lowers Price Target on Corinthian Colleges to $4

By John Harris
Benzinga Staff Writer
January 04, 2012 10:10 AM

Symbols: COCO

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Piper Jaffray, Corinthian Colleges (NASDAQ: COCO) price target is lowered to $4.

Piper Jaffray said that it is trimming its price target for Corinthian Colleges and several of the other postsecondary education companies to factor in the latest operating fundamentals and industry trends. “Our price target for Corinthian moves to $4 based on 7x CY2012E EPS of $0.58 from $5.”

Career Education closed yesterday at $8.08.

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UPDATE: Piper Jaffray Lowers Price Target on Corinthian Colleges to $4

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