American Public Education initiated with a Buy at DA Davidson

DA Davidson initiated coverage of American Public Education (APEI) with a Buy rating and $40 price target The firm believe American’s leading category position in the military space, the recent inflection at Rasmussen University amid an expected persistent shortage of U.S. nurses in the coming years and the potential for “a more sanguine regulatory environment” gives the company “a compelling runway for profitable growth,” the analyst tells investors.