UPDATE: Sterne Agee Upgrades Strayer Education from Sell to Neutral

Sterne Agee has published a research report on Strayer Education STRA raising the rating on the company, and removing the price target. In the report, Sterne Agee wrote, "There are three reasons for the upgrade: 1) The stock has exceeded our target price; 2) STRA's 4.5% current dividend yield will likely protect the downside in the shares from current levels; and 3) given management's private equity background, we see potential risk of the company being taken private in the intermediate term." Sterne Agee upgraded Strayer from Sell to Neutral with no price target given, as it had been removed. Strayer Education closed Monday at $89.19.