UPDATE: BMO Capital Markets Raises PT on Capella Education on 2Q13 EPS

In a report published Wednesday, BMO Capital Markets analyst Jeffrey M. Silber reiterated a Market Perform rating on Capella Education Company

, and raised the price target from $31.00 to $36.00. In the report, Silber noted, “This is a follow-up to this morning's release of 2Q13 EPS of $0.70 versus $0.82, well above the consensus and our $0.62 estimates and implied guidance of $0.59-$0.64. While management does not provide explicit EPS guidance, its implied 2Q13 EPS guidance of $0.61-$0.67 (by our calculations) was just below the prior consensus $0.68 estimate, but included our $0.67 estimate at the high end.” Capella Education Company closed on Tuesday at $34.95.