Oppenheimer Maintains Outperform on DeVry

Oppenheimer is out with its report today on DeVry DV, maintaining Outperform. In its report, Oppenheimer writes, "Despite expected near-term declines in enrollment growth, DV's continuous investment in faculty and physical/online infrastructure should maintain its quality perception and ability to rebound upon improving industry conditions. DV is well diversified and ranks toward the favorable end of the industry's operational and regulatory measures and has a long-standing track record of solid student outcomes, which underlies our positive bias relative to our for-profit higher education coverage universe." Oppenheimer maintains a $70 PT on DV. At the time of posting, shares of DV were trading pre-market at $48.81, down 8.58% from Thursday's close.