Bridgepoint Education retains HLC accreditation for now, says William Blair

William Blair notes that one of Bridgepoint's accreditors, the Higher Learning Commission, or HLC, has enabled the company's Ashford University to retain regional accreditation while the company attempts to obtain approval from another accreditor, WASC. The firm thinks that the HLC's decision will allow Bridgepoint to focus on meeting WASC's criteria, although it expects the stock to remain range bound until June 2013. It maintains a Market Perform rating on the shares.

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