First Analysis Piles In, Downgrades Bridgepoint Education (BPI)

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Shares of Bridgepoint Education (NYSE: BPI) are getting cranked once again this morning as Wall Street continues to respond to news its Ashford University was denied an application for initial accreditation by WASC. After tumbling nearly 34 percent on Monday, the stock is down another 8 percent Tuesday.

Certainly not helping the scenario for bulls, analysts at William Blair and Piper Jaffray downgraded the stock earlier. First Analysis is the latest firm to cut its recommendation, now at Equalweight.

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

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Piper Jaffray, William Blair, First Analysis

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