Wells Fargo downgraded National American University Holdings (NASDAQ: NAUH) from Outperform to Market Perform with a price target of $3.75 to $4.25 from $5.50 to $6.50.
"Several near-term trends continue to give us pause," said analyst Trace A. Urdan. "The university continues to trade down in enrollment quality, with its share of nursing students declining in favor of allied health students and bachelor?s students in favor of associate students. In addition, the company?s campus-based enrollment continues to contract even as online enrollment grows at double-digit rates. All of these trends, we believe, are contributing to NAU?s declining persistence rates.
For an analyst ratings summary and ratings history on National American University Holdings (NASDAQ: NAUH) click here. For more ratings news on National American University Holdings click here.
Shares of National American University Holdings closed at $3.82 yesterday, with a 52 week range of $3.22-$7.12.
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