Citi Reiterates Buy on DeVry

Citi is out with its report today on DeVry DV, reiterating Buy. In a note to clients, Citi writes, "We rate DeVry Inc Buy/High Risk (1H) with a $71 PT. DeVry has more modest exposure to regulatory risk than some of its ground-based peers and the company is our top pick in the Traditional For-Profit group chiefly because of its desirable student mix, diverse program concentrations, geographical diversity and high online exposure (>60% of enrollment is online)." Shares of DV closed Thursday at $59.13, up 1.51% from Wednesday's close.