Oppenheimer maintains a Perform rating on Apollo Group APOL.
Oppenheimer comments, “Positively, APOL raised its full-year operating income guidance range and tightened the top end of revenue guidance. Despite the increased operating income guidance, the starts environment is expected to remain choppy as APOL warned of likely 4Q12 negative starts growth. Although APOL has made strides in managing the potential outcomes of its students, new enrollment volatility remains a challenge. We remain on the sidelines pending enhanced clarity into enrollment (particularly starts).”
Apollo Group closed at $32.47 on Monday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in