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UPDATE: Piper Jaffray Upgrades Strayer Education As Results Are Stabilizing

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In a report published Friday, Piper Jaffray analyst Peter P. Appert upgraded the rating on Strayer Education (NASDAQ: STRA) from Underweight to Neutral, and raised the price target from $47.00 to $53.00.

In the report, Piper Jaffray noted, “While the enrollment and pricing environments remain very challenging, with higher estimates on successful cost reduction initiatives and enrollments expected to turn positive in 2015, we boost our rating to Neutral from Underweight. We continue to anticipate modest secular growth given ongoing competitive and pricing pressures.”

Strayer Education closed on Thursday at $51.82.

Latest Ratings for STRA

DateFirmActionFromTo
Oct 2017BMO CapitalMaintainsOutperform
Feb 2016BMO CapitalMaintainsOutperform
Feb 2016Credit SuisseInitiates Coverage onNeutral

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Posted-In: Peter P. Appert Piper JaffrayAnalyst Color Upgrades Analyst Ratings

 

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