UPDATE: Deutsche Bank Upgrades American Public Education to Buy

Deutsche Bank raises its rating on American Public Education

from Hold to Buy on favorable outlook to civilian enrollment growth. Deutsche Bank says, "We are upgrading American Public Education to a Buy based on a favorable growth outlook due to the  company's successful civilian student market penetration, mature but still ongoing growth in military enrollment, and an attractive entry point due to lingering concerns over changes to 90/10 and reduced military education support. Affordable tuition, a very low regulatory risk profile and diversified sources for student leads position APEI for long term success in online post secondary education, in our view." APEI closed at $38.32 a share yesterday.