By: Benzinga
UPDATE: Bank of America Reiterates Underperform Rating, Raises PT on Education Management Corporation
In a report published Monday, Bank of America reiterated its Underperform rating on Education Management Corporation (NASDAQ: EDMC ), and slightly raised its price target from $3.25 to $4.00. Bank of America noted, “On Friday after the market close, EDMC announced a private offer to exchange its $375mn 8.75% Senior
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