UPDATE: Citi Lowers Price Target On DeVry To $64

According to Citi, DeVry DV price target is lowered to $64. Citi said that DV delivered decent results with Rev/EPS of $547MM/$1.08 (vs. Street at $546MM/$1.04) and margin expansion of ~20 bps Y/Y. “PT returns to $64 from $71 based on 13x our CY12 EPS of $4.88.” DeVry closed yesterday at $53.39.
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