BofA/Merrill Lynch Downgrades ITT Educational Services (ESI) to Underperform

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William Blair Downgrades ITT Educational Services (ESI) to Market Perform

August 5, 2014 6:41 AM EDT

William Blair downgraded ITT Educational Services (NYSE: ESI) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on ITT Educational Services click here. For more ratings news on ITT Educational Services click here.

Shares of ITT Educational Services closed at $7.72 yesterday.

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ITT Educational (ESI) CEO to Resign

August 4, 2014 5:35 PM EDT

ITT Educational Services, Inc. (NYSE: ESI) today announced that Kevin M. Modany notified the Board of Directors of the Company (the "Board") that he intended to resign as Chief Executive Officer of the Company, effective February 4, 2015. Following Mr. Modany's notice to the Board, the Company entered into a letter agreement with Mr. Modany on August 4, 2014, pursuant to which Mr. Modany will remain Chief Executive Officer for a period ending on February 4, 2015 (the "Applicable Period"). The Company may extend the Applicable Period by up to three months and may terminate it at any time... More

ITT (ESI) Has Not Yet Filed Audited Financials, BofA/Merrill Lynch Confirms; Potential ED Sanctions on Tap

August 4, 2014 10:29 AM EDT

BofA/Merrill Lynch analyst Sara Gubins lowered her price target on ITT Educational Services (NYSE: ESI) to $16.00 (from $19.00) after the company announced that it has entered into a fourth amendment with its lenders. In addition, Gubins confirmed with ITT that it has yet to submit... More

ITT Educational Services (ESI) Slammed After Sale Leaseback Terminated

August 4, 2014 10:01 AM EDT

ITT Educational Services (NYSE: ESI) declined Monday, falling over 20%. In a filing late on Friday, it said College Portfolio terminated its sale leaseback.

From the filing: "On July 29, 2014, the Company received a... More