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Whiplash 08-05-2011
Friday, August 5, 2011 - 5:59pm | 927Cusick's Corner What a week. The initial rally at today's open did not last long, the selling began but then Europe's response to Italian and Spanish debt problems/default risk helped bring the market back causing more whiplash. There was that bounce because the US relies on exports to Europe to...
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Puts Purchased on Corinthian Colleges
Friday, August 5, 2011 - 11:21am | 113Shares of Corinthian Colleges (NASDAQ: COCO) are lower on the session by 7.70%, currently trading at $3.36. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while...
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Piper Jaffray Reiterates Overweight on Career Education, Slashes PT to $19
Friday, August 5, 2011 - 8:20am | 43Piper Jaffray reiterated its Overweight rating on Career Education (NASDAQ: CECO). At the same time, the rating agency slashed its price target on the company's stock from $25 to $19. On Thursday, CECO closed the day at $18.50.
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Piper Jaffray Lowers PT On CECO To $19
Friday, August 5, 2011 - 7:22am | 27Piper Jaffray has lowered the price target on Career Education (NASDAQ: CECO) from $25 to $19 and maintains its Neutral rating.
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News Summary for August 5, 2011
Friday, August 5, 2011 - 6:49am | 555This is your Benzinga news summary and traders' outlook for Friday, August 5, 2011, covering headlines from overnight and Friday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another weak morning as traders wait for the jobs report. At last check, Dow...
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Citigroup Lowers PT on Career Education To $21
Friday, August 5, 2011 - 6:05am | 26Citigroup has lowered the price target on Career Education (NASDAQ: CECO) from $26 to $21 and maintains its Hold rating.
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Apollo Group Receives Subpoena for Delaware AG
Thursday, August 4, 2011 - 3:13pm | 61Apollo Group, Inc. (Nasdaq: APOL) announced today that on August 3, 2011, its subsidiary, The University of Phoenix, Inc., received a subpoena from the Attorney General of the State of Delaware to produce detailed information regarding University of Phoenix students residing in Delaware. The time...
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DeVry Inc. Announces Acquisition of American University of the Caribbean for $235M
Thursday, August 4, 2011 - 8:04am | 93DeVry Inc. (NYSE: DV) today announced it has acquired the business operations of privately held American University of the Caribbean. AUC's medical school campus is located in St. Maarten, and its administrative offices are located in Coral Gables, Fla. Upon closing, DeVry paid $235 million in...
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5 Chinese Stocks with Fraud Rumors Hitting New Lows
Wednesday, August 3, 2011 - 12:36pm | 904People like Bernie Madoff and Jeff Skilling are apparently not unique to the U.S. China has its fair share of financial liars and scammers as well. While most companies do their best to maximize their shareholders' equity in an honest manner, a few optimize return on equity by cutting the corners...
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UPDATE: Piper Jaffray Raises PT on American Public Education to $49
Wednesday, August 3, 2011 - 8:31am | 71Piper Jaffray is out with its report today on American Public Education (NASDAQ: APEI), raising its PT from $41 to $49. In a note to clients, Piper Jaffray writes, "We maintain our Neutral rating. Our price target moves to $49 based on 20x (unchanged) 2012E EPS of $2.43 from $41 on higher...
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Piper Jaffray Raises PT On APEI To $49
Wednesday, August 3, 2011 - 7:22am | 28Piper Jaffray has raised the price target on American Public Education (NASDAQ: APEI) from 441 to $49 and maintains its Neutral rating.
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Citi Reiterates Buy on American Public Education, Raises PT to $55
Wednesday, August 3, 2011 - 6:25am | 48Citi reiterated its Buy rating on American Public Education (NASDAQ: APEI). At the same time, the rating agency raised its price target on the company's stock from $48 to $55. On Tuesday, APEI lost 0.64% of its value to end the day at $45.29.
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Deutsche Bank Raises PT on APEI To $44
Wednesday, August 3, 2011 - 5:31am | 28Deutsche Bank has raised the price target on American Public Education (NASDAQ: APEI) from $40 to $44 and maintains its Hold rating.
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Citigroup Raises PT On American Public Education To $55
Wednesday, August 3, 2011 - 4:52am | 27Citigroup has raised the price target on American Public Education (NASDAQ: APEI) from $48 to $55 and maintains its Buy rating.
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Earnings Scheduled For August 3
Wednesday, August 3, 2011 - 2:58am | 502Owens Corning Inc (NYSE: OC) is expected to report its Q2 EPS at $0.57 on revenue of $1.38 billion. Time Warner Inc (NYSE: TWX) is estimated to report its Q2 earnings at $0.56 per share on revenue of $6.81 billion. Comcast Corporation (NASDAQ: CMCSA) is projected to report its Q2 EPS at $0.41 on...