Deutsche Bank Has Hold Rating On Corinthian Colleges (COCO)

Deutsche Bank has a Hold rating and a $5.75 price target on shares of Corinthian Colleges COCO. In a note to investors, Deutsche Bank writes, "There were positive developments in the quarter regarding cohort default rates (CDRs) but regulatory risks remain for COCO including Gainful Employment and 90/10 (Title IV revenue exposure). The news of allowing ATB (ability to benefit: no HS diploma or GED) students back in was likely met with mix views from investors. Our 4QE EPS rises from $0.01 to $0.11 (prior Street $0.11) and FY12E EPS from $0.18 to $0.20 (prior Street at $0.43). We maintain our Hold rating and $5.75 price target due limited changes to our model post results." Shares of COCO closed at $4.31 yesterday.