Market Overview

UPDATE: BMO Capital Markets Raises PT on Bridgepoint Education Following WASC Accreditation Shift

Related BPI
Deutsche Bank On Department Of Education Mulling Changes In 90/10 Rule
Education Sector Socked As Corinthian College Announces Going-Concern Status

In a report published Friday, BMO Capital Markets analyst Jeffrey M. Silber reiterated a Market Perform rating on Bridgepoint Education (NYSE: BPI), and raised the price target from $12.00 to $16.00.

In the report, BMO Capital Markets noted, “The gushing commentary from WASC (‘fundamentally transformed') clearly reflects the effort this company has made to shift its focus from inputs to outputs. While the accreditors' approval will certainly help establish the school's quality reputation, it still may take some time to convince potential students given the tarnish this brand has incurred. Although we still expect revenues and enrollment to decline into 2014, the earnings impact may not be as severe given the recent cost reduction and expected $85 million in annualized savings (beginning in 2014).”

Bridgepoint Education closed on Thursday at $15.92.

Latest Ratings for BPI

DateFirmActionFromTo
Aug 2014JP MorganMaintainsHold
Aug 2014BMO CapitalMaintainsOutperform
May 2014BMO CapitalMaintainsOutperform

View More Analyst Ratings for BPI
View the Latest Analyst Ratings

Posted-In: BMO Capital Markets Jeffrey M. SilberAnalyst Color Price Target Analyst Ratings

 

Related Articles (BPI)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional