Piper Jaffray Assumes Coverage on Education Stocks (CECO, COCO, UTI)

Piper Jaffray is out with several research reports this afternoon, where it assumes coverage on the for-profit education space. The analysts are generally negative on the sector with no Overweight Ratings in the sector. Apollo Group Inc. APOL and Universal Technical Institute UIT and both Neutral rated, with $46.00 and $15.00 price targets, respectively. Career Education Corp. CECO and Corinthian Colleges COCO are both Underweight rated, with $16.00 and $2.50 price targets, respectively.