UPDATE: Deutsche Bank Downgrades Bridgepoint Education on Increased Price Competition

In a report published Monday, Deutsche Bank analyst Paul Ginocchio downgraded the rating on Bridgepoint Education (NYSE: BPI ) from Hold to Sell, but reiterated the $13.00 price target. In the report, Deutsche Bank noted, “With the recent price reductions at University of Phoenix and Strayer, Ashford is now the