UPDATE: Bank of America Reiterates Underperform Rating, Raises PT on Education Management Corporation
Posted on February 04, 2013 at 09:06 AM EST
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