Credit Suisse Upgrades DeVry (DV), ITT (ESI) to Outperform; Education Group Will Be a Mover Today

Credit Suisse has lifted its investment ratings on two stocks in the Education sector this morning. Both stocks were upgraded from Neutral to Outperform.

• DeVry (NYSE: DV) - price target raised from $55 to $75
  
• ITT Educational Services (NYSE: ESI) - price target raised from $105 to $135

Shares of DeVry and ITT are trading sharply higher amid the upgrades: about an hour before the opening bell, DeVry shares are up 3.8% to around $67.50 and ITT shares are up a whopping 5.5% to around $114.80.

Based on this morning's price action, Credit Suisse's new targets on DeVry and ITT suggest potential upside of about 11% and 18%, respectively.

Stocks in the education group tend to trade very closely with other stocks in the group. Stocks to watch on the Credit Suisse upgrades: Corinthian Colleges (Nasdaq: COCO), Apollo Group (Nasdaq: APOL), Grand Canyon Education (Nasdaq: LOPE), Capella Education (Nasdaq: CPLA), Career Education (Nasdaq: CECO), American Public Education (Nasdaq: APEI).

You May Also Be Interested In

• Super Micro Computer (SMCI) Falls 6%
• Zoom (ZM) lifted to Buy at Rosenblatt
• Zuora (ZUO) spikes into halt on takeover rumors