BofA Downgrades EDMC to Underperform, COCO, ESI to Neutral

Education stocks are set to open lower this morning as an analyst from BofA Merrill Lynch has downgraded a number of stocks in the group today.

• Education Management (Nasdaq: EDMC) from Buy to Underperform. Target cut from $26 to $20
  
• Corinthian Colleges (Nasdaq: COCO) from Buy to Neutral. Target lowered from $24 to $16
  
• ITT Educational Services (NYSE: ESI) from Buy to Neutral. Target reduced from $130 to $110

Shares of Education Management are down 2.8% to $18.65 on the two-notch downgrade, Corinthian shares are down 3.2% to $13.71 and shares of ITT are down 1.5% to $97.19.

NOTE: These stocks are known to be extremely momentous so the entire sector will be one to watch on this call.

You May Also Be Interested In

• BofA Securities Upgrades Americold Realty Trust (COLD) to Neutral
• Piper Sandler Downgrades Weave Communications Inc (WEAV) to Neutral
• BofA Securities Downgrades Autohome Inc. (ATHM) to Underperform