Sterne Agee Reiterates Neutral Rating On DeVry

According to Sterne Agee, DeVry DV Neutral rating is reiterated. Sterne Agee said that DV reported basically an in-line quarter, once adjusted for a lower tax rate, but new enrollment trends at DeVry University were weaker than expected. “We believe investors will remain skeptical of these projections given recent enrollment trends.” DeVry closed yesterday at $53.39.