The firm has a $30 price target on shares of the Downers Grove, IL-based provider of educational services.
The upgrade comes after the firm met with CEO Lisa Wardell and was impressed with her "sense of urgency and decisive action taking," the Fly reports.
Management's near-term goal is stabilizing revenue at DeVry University's increasing enrollment, Barrington added.
The firm also sees possible "value-unlocking divestitures" and a settlement of open regulatory issues as potential catalysts, the Fly noted.
About 849,940 of the company's shares traded today vs. its average 30-day volume of 722,974 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DV