Market Overview

Wunderlich Securities Maintains Education Management Corporation's Buy Rating, $27 PT

Share:

Wunderlich Securities maintains Education Management Corporation's (NASDAQ: EDMC) Buy rating and $27 price target following news of layoffs at the company's online division in a research report out today.

In the report, Wunderlich Securities writes, "Layoffs last week at Education Management's (EDMC) online division lead us to conclude that there could be some downside risk to Wednesday's Q2 earnings report. The transition to borrower-based lending has been more problematic at AIOnline and Argosy Online and could have contributed to performance below expectations. Yet the narrow ownership of the stock is likely to prevent a dramatic negative reaction in the share price as the company's stock repurchases effectively respond to and correct negative pressure."

Shares of Education Management Corporation are currently at $25.91, up 0.02% from Friday's market close.

Posted-In: Analyst Color Price Target Analyst Ratings

 

Related Articles (EDMC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TEAMKeyBancUpgrades89.0
VIABImperial CapitalUpgrades29.0
AMDBarclaysUpgrades25.0
CDNSJP MorganUpgrades51.0
EBAYRBC CapitalDowngrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Light Volume Stock Market Float

DA Davidson Lowers Target to $4 on Frontier Communications