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Fly News Breaks for May 25, 2016
DV
May 25, 2016 | 07:01 EDT
Piper Jaffray analyst Peter Appert views the unexpected CEO change at DeVry as a sign of intensified focus by the board to address the challenges facing the company. New CEO Lisa Wardell could accelerate efforts to improve profitability and resolve regulatory/legal uncertainty, "both of which could be meaningful drivers of valuation upside," Appert tells investors in a research note. The analyst reiterates an Overweight rating on DeVry with a $35 price target.
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