Deutsche Bank Maintains Buy Rating On Apollo

According to Deutsche Bank, Apollo Group APOL Buy rating is maintained. Deutsche Bank said that it continues to favor APOL within the sector as it is the deepest into business model changes, is compliant with Gainful Employment, is attractive on an implied 13x FY12 EPS guidance, and has a high probability of growing new enrollment in the Nov. quarter. “We maintain our Buy and $55 PT.” Apollo Group closed yesterday at $43.68.