Market Overview

UPDATE: Piper Jaffray Reiterates Neutral Rating, Raises PT on Apollo Group

Related APOL
Stocks Hitting 52-Week Lows
Mid-Day Market Update: Juno Therapeutics Jumps Following Announcement of 10-Year Collaboration With Celgene

In a report published Wednesday, Piper Jaffray & Co. reiterated its Neutral rating on Apollo Group (NASDAQ: APOL), and slightly raised its price target from $24.00 to $25.00.

Piper Jaffray noted, “Aggressive cost management efforts translated into a F1Q EPS beat for Apollo, but lingering uncertainty around enrollment growth creates a near-term headwind to improved stock performance. With a sustained recovery in enrollments still more than a year away, in our view, we continue to believe it is too early to own APOL shares.”

Apollo Group closed on Tuesday at $20.94.

Latest Ratings for APOL

Jun 2015Bank of AmericaDowngradesNeutralUnderperform
Jun 2015BMO CapitalMaintainsOutperform
Jun 2015Deutsche BankMaintainsHold

View More Analyst Ratings for APOL
View the Latest Analyst Ratings

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


Related Articles (APOL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters