Credit Suisse Downgrades Capella Education (CPLA) to Neutral on Valuation
Get Alerts CPLA Hot Sheet
Rating Summary:
6 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Credit Suisse downgraded Capella Education (NASDAQ: CPLA) from Outperform to Neutral with a price target of $85.00 (from $76.00), citing valuation.
Analyst Trace Urdan commented, "We are downgrading our rating of Capella shares to Neutral from Outperform based on valuation. We acknowledge the re-rating that has taken place in the For-Profit School sector following the national election. The prospect of an improving regulatory environment makes the stocks broadly investible again and, as lender nerves are eased, could even make go-private transactions newly tenable. However at a 26% premium to the S&P PE multiple, we think the shares could take a breather while the company earns its way into its new valuation."
For an analyst ratings summary and ratings history on Capella Education click here. For more ratings news on Capella Education click here.
Shares of Capella Education closed at $85.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TechnipFMC (FTI) PT Raised to $30 at BTIG
- Macquarie Upgrades ASM Pacific Technology (522:HK) (ASMVY) to Outperform
- Amazon.com (AMZN) PT Raised to $215 at UBS
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, DowngradesRelated Entities
Credit Suisse, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!