S&P Capital IQ Reiterates its SELL Rating on APOLLO Group

October 20 00:00 2011

New York, October 20 (RainbowNewsLine.com) – Analyst Michael Jaffe maintains his SELL rating on the shares of Apollo Group (NYSE:APOL), while raising his estimates for the company. The target price is set to $35

Analyst Michael Jaffe, in a report published yesterday mentions that the company reported its August quarter EPS ahead of the estimates, driven by better than expected cost control. Although student starts declined during the quarter, the company expects modest improvement in student starts during 2012, the analyst says. The EPS estimate for 2012 has been raised from $2.70 to $3.00.