Deutsche Bank Sees Upside DeVry Shares

On Wednesday, Deutsche Bank upgraded shares of DeVry Education Group Inc. DV to Buy from Hold and raised the price target to $55 from $47.

Analysts find that Devry will deliver multi-year double digit EBITDA and mid-teens EPS growth. Paul Ginocchio stated, “Strong healthcare segment growth and a commitment to maintain Business, Tech & Mgmt (BTM) segment profitability suggest multi-year double-digit EBITDA growth.”

Ginocchio also feels the Business, Technology & Management segment of the company is no longer a drag on overall EPS growth.

Lastly, Ginocchio stated, “we believe the growth and profitability in the company’s Medical & Healthcare segment, supported by steady growth trends in International & Professional Education, warrant a higher valuation.”

Shares of DeVry recently traded at $43.61 up 1.9 percent.