Wunderlich Securities Maintains Hold on ITT Educational Services

Wunderlich Securities maintains its Hold rating on ITT Educational Services

and has a $70 price target on the company in a research report out today. In the report, Wunderlich Securities writes, "We are maintaining our Hold rating on shares of ITT Educational Services (

) heading into tomorrow's earnings report. Though we remain confident in our EPS performance driven by better-than-Street consensus margins, we recognize that the stock hinges on whether the company is able to create a new third-party financing deal at attractive terms. We don't pretend to know whether such a deal has been struck but we don't believe that the stock's fundamentals will matter to investors as long as this issue remains outstanding." Shares of ITT Educational Services are currently trading at $68.39, up 1.82% from yesterday's close.