Market Overview

BofA Maintains Underperform on Corinthian Colleges as News of SEC Probe Pushes Shares Down 9+%

Share:

Bank of America analyst David Chu issued a concerning note on Corinthian Colleges (NASDAQ: COCO) Tuesday morning following news of an SEC probe Monday afternoon.

Chu reminded investors Corinthian is already handling a slew of regulatory problems, and the SEC probe news only creates yet another overhang for holders in the company. Chu speculates Corinthian could raise cash if the Department of Education fails to adjust the company's financial responsibility score.

Bank of America has retained an Underperform rating and $2.50 price target on shares of Corinthian Colleges.

Shares of Corinthian Colleges are down 9.5 percent to $2.53 at last check.

Latest Ratings for COCO

DateFirmActionFromTo
Jun 2014DowngradesHoldSell
May 2014MaintainsHold
Feb 2014MaintainsSell

View More Analyst Ratings for COCO
View the Latest Analyst Ratings

Posted-In: Analyst Color News Legal Analyst Ratings Movers

 

Related Articles (COCO)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
SWKSCascendReiterates100.0
IBMWells FargoMaintains140.0
PNCWells FargoMaintains147.0
TWOUDA DavidsonMaintains17.0
IDYAOppenheimerInitiates Coverage On17.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
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.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Mid-Day Update: Benzinga's Top Downgrades

Mid-Day Update: Benzinga's Top Upgrades