BofA/Merrill Lynch Cuts Career Education (CECO) to Underperform, Sets $9 Target

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November 2, 2011 3:36 PM EDT
Get Alerts CECO Hot Sheet
Price: $71.52 -2.03%

Rating Summary:
    10 Buy, 9 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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An analyst at BofA/Merrill Lynch issued an afternoon downgrade on shares of Career Education (NASDAQ: CECO) Wednesday. The analyst now rates the stock an Underperform, down from Neutral previously. BofA set a $9 price target on shares of Career Education.

The downgrade follows Q3 results and news the company's CEO is resigning and the resulting 47 percent decline in the stock Wednesday.

For more ratings news on Career Education click here and for the rating history of Career Education click here.

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