UPDATE: Bank of America Reiterates Buy on DeVry, Reduces PT to $62

Bank of America reiterated its Buy rating on DeVry

. At the same time, the rating agency reduced its price target on the company's stock from $68 to $62. On Thursday, DV closed the day at $53.39. Its shares lost 8.58% of their value in today's pre-market trading to stand around $48.81.