UPDATE: BMO Downgrades Education Management to Underperform; Stock Moves to the Downside

Early this morning, BMO Capital Markets analyst Jeffrey Silber downgraded Education Management (NASDAQ: EDMC ) to from Market Perform to an Underperform rating, while increasing its price target from $7.00 to $10.00 per share. While the call was stated to be primarily valuation based, Silber stated that he expects enrollment