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Fly News Breaks for December 16, 2016
DV
Dec 16, 2016 | 06:46 EDT
Piper Jaffray analyst Peter Appert raised his price target for DeVry shares to $40 from $35 to reflect reduced regulatory risk. The settlement of a Federal Trade Commission suit, combined with the prior settlement of a Department of Education action and the expectation of easing regulatory pressures in the Trump administration, create a "much improved" environment for the company, Appert tells investors in a research note. The analyst calls DeVry his favorite smid-cap value story. He keeps an Overweight rating on the shares.
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