For-profit colleges could prosper under Trump -Barron's

Grand Canyon Education

13/11/2016 21:52

Nov 13 (Reuters) - For-profit education stocks have surged 
on expectations that President-elect Donald Trump and a 
Republican Congress may ease regulations imposed on the industry 
by the Obama administration, Barron's said in a report. 
    Stocks such as Grand Canyon Education  LOPE.O , DeVry 
Education Group  DV.N  and Capella Education  CPLA.O  rose about 
14 percent last week. Trump won an upset victory in Tuesday's 
presidential election.  
    Jeff Silber at BMO Capital Markets said Trump's election 
could be good news for for-profit education companies, according 
to Barron's. 
    A federal court trial in San Diego is set to begin on Nov. 
28 over claims by former students of now-defunct Trump 
University that they were defrauded by a series of real estate 
seminars. A Trump lawyer has requested that the trial be delayed 
until after Trump's inauguration on Jan. 20. Trump denies the 
students' allegations.  urn:newsml:reuters.com:*:nL1N1DE0D8  
     
     
     
 
 (Reporting by Chris Prentice in New York; Editing by Peter 
Cooney) 
 ((christine.prentice@thomsonreuters.com; +1)(646)(223 6136; 
Reuters Messaging: 
christine.prentice.thomsonreuters@reuters.net)) 
 
Keywords: USA ELECTION/TRUMP FORPROFITCOLLEGES