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UPDATE: Piper Jaffray Downgrades Strayer Education to Underweight, Lowers PT

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In a report published Friday, Piper Jaffray & Co. downgraded its rating on Strayer Education (NASDAQ: STRA) from Neutral to Underweight, and lowered its price target from $85.00 to $53.00.

Piper Jaffray noted, “Based on sharply lower earnings expectations and limited visibility on sustainable earnings growth, we downgrade our rating to Underweight from Neutral. With negative earnings comparisons anticipated for at least another year, less differentiated program offerings, and relatively high tuition rates, we see further room for P/E multiple downside, even acknowledging the stock's sharp correction over the past year.”

Strayer Education closed on Thursday at $79.44.

Latest Ratings for STRA

DateFirmActionFromTo
Feb 2016BMO CapitalMaintainsOutperform
Feb 2016Credit SuisseInitiates Coverage onNeutral
May 2015Deutsche BankMaintainsHold

View More Analyst Ratings for STRA
View the Latest Analyst Ratings

Posted-In: Piper Jaffray & Co.Analyst Color Downgrades Analyst Ratings

 

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