Credit Suisse Starts DeVry (DV) at Outperform

Credit Suisse initiates coverage on DeVry (NYSE: DV) with a Outperform rating and a price target of $29.00.

Analyst T. Urdan commented, "Initiating Coverage with an Outperform rating and a $29 Target Price: While the FTC threat is formidable in terms of possible financial judgements and damage to the DeVry brand, we believe it affects only the rate of decline in the core business. The company's other businesses, which represent the foundation of our valuation case, should remain relatively unaffected. We are sympathetic to the company's claim of FTC overreach and do not consider management practices suspect as a result of the allegations."

For an analyst ratings summary and ratings history on DeVry click here. For more ratings news on DeVry click here.

Shares of DeVry closed at $18.08 yesterday.

You May Also Be Interested In

• DoubleVerify Expands DV Authentic AdVantage to Meta and TikTok, an AI-Powered Solution to Optimize Media Quality and Performance
• Berenberg Starts Meridian Mining Plc (MNO:LN) at Buy
• Micron Technology (MU) PT Raised to $1,300 at Bernstein SocGen Group