UPDATE - Barclays On U.S. Education Services: Names Top Pick; Earnings Update; Upgrades Corinthian Colleges (COCO)

UPDATE - Barclays upgraded Corinthian Colleges (NASDAQ: COCO) from Underweight to Equalweight, price target from $3.50 to $4.

Analyst, Gary E. Bisbee, said, "We are upgrading COCO as many of the regulatory and fundamental risks driving our prior rating have begun to subside. We see the risk-reward as more evenly balanced today, and thus believe that 2-Equal Weight is the appropriate valuation."

On the overall U.S. Education Services industry, Bisbee recommends American Public Education (Nasdaq: APEI) as a Top Pick, citing low price point and quality student outcomes. He also rates Apollo (Nasdaq: APOL) and Bridgepoint Education (NYSE: BPI) at a Overweight rating.

However, heading into earnings season, Barclays is below Street Consensus estimates for Career Education (Nasdaq: CECO) and DeVry (NYSE: DV).

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