Strayer Initiated At Neutral At Piper Jaffray (STRA)

Piper Jaffray analysts initiated research coverage on Strayer Education STRA with a Neutral rating and $144 price target, saying that the shares are full valued. They wrote, "a premium valuation relative to the sector suggests limited near-term upside in the shares." STRA has been in free-fall since August when a government report showed that the company's students had a loan repayment rate which was significantly below the required level. Hedge fund manager Steve Eisman has disclosed a short position in the name.