Goldman Sachs downgrades Education Management Corp. to Sell
In conjunction with its launch on the education sector, Goldman Sachs downgrades Education Management Corp. to a relative Sell from Neutral with an $18 PT. Goldman believes EDMC will be most exposed to gainful employment regulations, due to its end-market exposure coupled with low repayment rates.
Goldman Sachs downgraded Microsoft Corp. on Monday to neutral from buy, and lowered its price target on the software giant to $28 from $32.