UPDATE: Argus Downgrades ITT Educational Services (ESI) to Sell

June 21, 2013 8:41 AM EDT
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Price: $0.36 --0%

Rating Summary:
    1 Buy, 8 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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(Updated - June 21, 2013 12:43 PM EDT)

Argus downgraded ITT Educational Services (NYSE: ESI) from Hold to Sell. Analyst Nathaniel Gabriel sees significant downside to his fair value estimate of $16. The report cited negative enrollment trends, regulation, cuts in Penn Grant funding, and relatively high tuition.

For an analyst ratings summary and ratings history on ITT Educational Services click here. For more ratings news on ITT Educational Services click here.

Shares of ITT Educational Services closed at $24.93 yesterday.

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