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UPDATE: Piper Jaffray Trims PT to $85 on Strayer Education; Fundamentals and Trends

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Piper Jaffray cuts its price target from $92 to $85 on Strayer Education (NASDAQ: STRA) and reiterates its Neutral rating on the company.

Piper Jaffray comments, "We are trimming our price target for Strayer and other postsecondary education companies to factor in the latest operating fundamentals and industry trends. Our price target for Strayer moves from $92 to $85 based on 12x CY12E EPS of $7.07. Please see our Education Industry Benchmark Analysis report published today for more details on our sector view."

STRA closed at $91.95 on Thursday.

Latest Ratings for STRA

DateFirmActionFromTo
Aug 2014Piper JaffrayUpgradesUnderweightNeutral
Aug 2014Wells FargoUpgradesMarket PerformOutperform
Aug 2014BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for STRA
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Posted-In: Piper JaffrayAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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