UPDATE: Wunderlich Initiates Capella Education at Hold

Wunderlich is out with its report today on Capella Education CPLA, initiating CPLA at Hold. In its report, Wunderlich writes, "We are initiating coverage of Capella Education with a Hold rating and a $37 price target. The company offers a premium-priced product, and as prospective students have become more price sensitive in the current economic climate, demand has suffered." At the time of posting, shares of CPLA were trading at $34.76, down 0.49% from Thursday's close.