Market Overview

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

Related APOL
Back to School with These Education Stocks
Education Stocks In Play On ITT Sell-Off

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.

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


Related Articles (APOL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters