Career Education Corporation Reports Results for Second Quarter 2016

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Piper Jaffray Raises Price Target on Career Education (CECO) to $11 Following 2Q

August 4, 2016 9:24 AM EDT

Piper Jaffray reiterated a Neutral rating on Career Education (NASDAQ: CECO), and raised the price target to $11.00 (from $6.00), following the company's 2Q earnings report. CECO reported revenues of $182.6M, beating $171.5 estimates with upsides in both the University and Transitional/Culinary units.

Analyst Peter... More