Piper Jaffray Raises American Public Education PT To $43 (APEI)

Piper Jaffray raised its American Public Education APEI price target from $29 to $43 in a research report published today. In the report, Piper Jaffray states, "With a differentiated business model, strong current operating momentum, appealing secular growth prospects, and minimal regulatory risk, APEI is among the "class acts" in the postsecondary education sector. After a 2Q2010 "glitch" in enrollment performance, we believe the company is back on track to sustain 20%+ growth based on a steady recovery in military enrollments and more rapid growth in civilian enrollments. With the valuation looking fair at current levels, we'd seek opportunities to establish/expand positions on pullbacks." Shares of American Public Education were trading at $43.52 in pre-market trading at the time of posting, up 0.03% from Friday's market close.