Piper Jaffray Rates Capella Education At Neutral (CPLA)

Piper Jaffray has a Neutral rating and $69 price target on shares of Capella Education CPLA. In the research report, Piper Jaffray writes, "We are assuming coverage of Capella Education with a Neutral rating and a $69 12-month price target. Capella shares command a rich valuation premium relative to the sector, reflecting strong near-term operating momentum, above average secular growth prospects, and a business model that positions the company well to deal with the regulatory challenges facing the industry. We like the growth story at CPLA and the shares score well on our risk measurement scale, but the premium valuation may serve to limit near-term upside in the shares." Shares of Capella Education gained 24 cents to close today's session at $61.64.