Numerous Analysts Start Coverage on Education Management (EDMC): Mostly Neutral, Some Bullish

November 11, 2009 8:27 AM EST

We have a number of analyst firms out with new coverage on the recent IPO Education Management Corp. (Nasdaq: EDMC):

  • Goldman Sachs starts the stock at Neutral with a $24.75 price target
  • Piper Jaffray - at Overweight with a $30 price target
  • JPMorgan - at Neutral
  • BofA Merrill Lynch - at Buy with a $26 price target
  • Credit Suisse - at Neutral
  • Barclays - at Overweight with a $27 price target
  • Robert W. Baird - at Neutral with a $25 price target
  • BMO Capital - at Market Perform with a $26 price target
  • Stifel Nicolaus - at Hold
  • William Blair - at Market Perform
  • Barrington Research - at Outperform with a $32 price target


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