Piper Jaffray Overweight On Strayer Education

Piper Jaffray is out with a research report on Strayer Education, Inc. STRA and it has a Neutral rating and is lowering its price target to $99 from $114. In a note to clients, Piper Jaffray writes, "With the completion of the 2nd calendar quarter earnings reporting period, we have revisited our price targets in the Education sector. Our valuation approach is to tier the companies based on growth dynamics, competitive positioning and regulatory risk, among other factors (see below). Our price target for STRA moves to $99 from $114." Shares of STRA lost $1.83 to close at $99.83 yesterday.