Goldman Goes Back To School On Education Stocks (APOL, DV, EDMC, ESI, STRA)
Shares of Apollo Group (APOL), operator of the University of Phoenix for-profit universities, are up 3% after Goldman Sachs boosted its price target on the stock to $59 from $54 with a “buy” rating. The new price target represents roughly 30% upside from where Apollo Group currently trades as Goldman said the company has repositioned itself to focus more on its students.
Goldman’s positive sentiment on for-profit education providers is helping the Education Stocks Index to a 0.6% gain today. Shares of DeVry (DV) are modestly higher after Goldman raised its price target on that stock to $69 from $64. Morgan Stanley chimed in on DeVry as well, raising its price target on the name to $65 with an “overweight” rating.
Education Management (EDMC) is up half a percent after Goldman increased its price target on that name to $19 from $17, but that’s still below where the stock currently trades. ITT Educational Services (ESI) is soaring 2% following a Goldman price target increase to $90 from $83.
Strayer Education (STRA) is also getting a 2% bounce after Goldman raised its price target on that name to $151 from $137, implying decent upside from where the shares currently reside.
Investors can track the Education Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
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