UPDATE: Piper Jaffray Raises Grand Canyon Education's PT

According to a research report published this morning, Piper Jaffray has increased Grand Canyon Education's

PT from $22 to $23. In the report, Piper Jaffray said, "LOPE's differentiated positioning, including strong campus presence, attractive tuition rates and Christian-affiliation, helped drive 1Q starts, enrollments, margin and EPS upside vs expectations. We view LOPE as one of the best positioned in the postsecondary space from an enrollment, earnings and regulatory perspective, and believe the shares are attractively priced in the context of these characteristics. Reiterate Overweight." Grand Canyon Education is currently trading at $18.28.