Credit Suisse analyst Kelly Flynn upgraded Apollo Group Inc (NASDAQ:APOL), a for-profit education provider, from neutral to outperform, sending their stock as well as other private education stocks soaring.
“Flynn, who also raised her price target to $47 from $35, told clients that her latest research indicates that changes to Apollo’s business model will lead to enrollment growth in the first quarter and fiscal year 2012,” states MarketWatch. Flynn also added that the Apollo Group stock was near a 5-year low.
Apollo Group Inc (NASDAQ:APOL) stock is up 8.74% to $42.31 in the news. In the past year the stock is down 16.2% with a 52-week range between $33.75 and $54.23.
Keep your eye on the rest of the for-profit education sector: Career Education Corp. (NASDAQ:CECO), American Public Education, Inc. (NASDAQ:APEI), DeVry Inc. (NYSE:DV), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), DeVry Inc. (NYSE:DV), Grand Canyon Education Inc (NASDAQ:LOPE), Education Management Corp (NASDAQ:EDMC), Strayer Education, Inc. (NASDAQ:STRA), Bridgepoint Education, Inc. (NYSE:BPI), and Lincoln Educational Services Corp. (NASDAQ:LINC).