Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Legg Mason Cuts Career Education to Hold

Legg Mason downgraded Career Education (CECO) to hold from buy.

Analyst Robert Craig says given the lack of a near-term catalyst, he is compelled to downgrade until the catalyst re-emerges. He says despite the company reporting a strong second quarter, enrollment growth is slowing. He notes the level of EPS outperformance that the Street has become accustomed to is expected to diminish.

Craig thinks most of that slowing, which is compounded by heightened legal and regulatory concerns, is already reflected in the shares. He remains confident in the company's ability to navigate regulatory and legal challenges, and to continue to show above-average growth in the long term. He sees $1.85 2004 EPS and $2.45 2005 EPS.

blog comments powered by Disqus