Deutsche Bank Maintains a 'Hold' on Bridgepoint Education (BPI); Some Operations Likely Move to Phoenix or Denver

Deutsche Bank maintains a 'Hold' on Bridgepoint Education (NYSE: BPI) price target of $25.00.

Analyst, Paul Ginocchio, said, "We believe the biggest near-term risk to the shares is the potential disruption from a probable move of Ashford University employees. The Higher Learning Commission (HLC) requires a “substantial presence” of operations in one of the 19 states under its purview by December 1 2012. We think the most likely cities would be Phoenix (an existing For Profit hub and close to San Diego) or Denver (near Univ. of the Rockies)."

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

Shares of Bridgepoint Education closed at $14.25 yesterday.

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