Bridgepoint Education accreditation outlook has improved, says Wells Fargo

theflyonthewall.com

After Bridgepoint reported higher than expected Q4 EPS but weaker than expected new enrollment, Wells Fargo reduced its estimates for the company. However, the firm has more confidence that the company's Ashford University will receive accreditation from WASC based on steps the company is taking, and it maintains an Outperform rating on the shares.

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