Credit Suisse Upgrades DeVry (DV) to Outperform Following Trump Win

November 9, 2016 2:32 PM EST
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Price: $33.65 +2.59%

Rating Summary:
    7 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Credit Suisse upgraded DeVry (NYSE: DV) from Neutral to Outperform with a price target of $30.00 (from $24.00) following a Trump victory.

Analyst Trace Urdan commented, "We believe the risk represented by defense to repayment (DTR) is greatly reduced in a Trump administration, if not through a reversal of the rule, then through a schoolfriendly definition of harm. We think Gainful Employment (GE) regulations are likely to be similarly muted, through either executive or legislative action and that DeVry will successfully receive a waiver or other consideration to allow the Ross School of Veterinary Medicine to avoid GE sanctions."

For an analyst ratings summary and ratings history on DeVry click here. For more ratings news on DeVry click here.

Shares of DeVry closed at $23.50 yesterday.

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