UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Apollo Group

In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Apollo Group (NASDAQ: APOL ), but lowered its price target from $34.00 to $30.00. BMO Capital Markets noted, “Starts fell 15.1% y/y, worsening from FY4Q12's 13.7% y/y drop though better than our 17.1% estimate (consensus unavailable). Total