Barrington Research Maintains Apollo Group Outperform, Lowers PT

Barrington Research maintained its Apollo Group

Outperform rating and lowering the company's price target from $62 to $50 in a research report published today. In the report, Barrington Research stated, "Despite the disappointing enrollment news (Q3/12 starts to turn negative), we believe the valuation is attractive for longer-term value-oriented investors. In the near term, however, investors should be aware that enrollment trends will continue to be quite volatile." Shares of Apollo Group were trading at $39.44 at the time of posting, down 8.70% from Monday's market close.