Wells Fargo Defends Bridgepoint Education (BPI) After HLC Announces Review; Issue Should Get Resolved
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Price: $12.54 --0%
Rating Summary:
1 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
1 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade BPI Now!
Wells Fargo maintains an 'Outperform' on Bridgepoint Education (NYSE: BPI).
Analyst, Trace A. Urdan, said, "While we are surprised by the scale of the stock's reaction to this news, we are not surprised by the event. We continue to believe that with sufficient resolve by the Board, Ashford should be able to address the concerns raised by WASC - none of which speaks to fundamental quality issues at the school. With the stock trading close to its cash balance, we believe the call here is on whether Ashford is capable of achieving regional accreditation at all. We continue to believe that it is and that accreditors will be reluctant to cause damage to past and existing students for what we believe is a fundamentally sound educational product, by putting Ashford out of business."
For an analyst ratings summary and ratings history on Bridgepoint Education click here. For more ratings news on Bridgepoint Education click here.
Shares of Bridgepoint Education closed at $12.97 yesterday, with a 52 week range of $12.80-$30.62.
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Analyst, Trace A. Urdan, said, "While we are surprised by the scale of the stock's reaction to this news, we are not surprised by the event. We continue to believe that with sufficient resolve by the Board, Ashford should be able to address the concerns raised by WASC - none of which speaks to fundamental quality issues at the school. With the stock trading close to its cash balance, we believe the call here is on whether Ashford is capable of achieving regional accreditation at all. We continue to believe that it is and that accreditors will be reluctant to cause damage to past and existing students for what we believe is a fundamentally sound educational product, by putting Ashford out of business."
For an analyst ratings summary and ratings history on Bridgepoint Education click here. For more ratings news on Bridgepoint Education click here.
Shares of Bridgepoint Education closed at $12.97 yesterday, with a 52 week range of $12.80-$30.62.
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