(Corinthian Colleges upgrade report updated with additional commentary.)SANTA ANA, Calif. ( TheStreet) -- Corinthian Colleges ( COCO) shares spiked on Friday following some favorable broker action, leading other education stocks higher as well.
Wetenhall called the
Waller's resignation marked the second top executive departure for Corinthian in a short time span. In October
The analyst cautioned that operating margins could contract as a result of negative sales leverage and rising student acquisition costs. He also noted that revised gainful employment regulations could curb Corithian's enrollment and profitability. Stocks in the for-profit education sector had a rough 2010.
The Institute for College Access and Success, a student-advocacy group, said in August that its research showed
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