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Fly News Breaks for January 28, 2016
DV
Jan 28, 2016 | 07:16 EDT
Piper Jaffray analyst Peter Appert says that while the FTC's suit against DeVry creates added near-term uncertainty, DeVry University accounts for less than 1% of the company's 2016 earnings. He believes the stock's valuation "more than adequately captures" the risk to the business. DeVry's "profitable and growing" healthcare education assets are being undervalued, the analyst contends. Appert keeps an Overweight rating on DeVry with a $38 price target.
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