1300 ET - The stocks of for-profit colleges are getting a boost from Donald Trump's presidential victory, BMO Capital Markets analyst Jeffrey Silber says in a research note. The Biden administration increased oversight and regulatory pressure on the sector, particularly with a regulation where for-profit institutions must prove their degrees confer adequate employment benefits for students after graduation, the analyst says. The Trump administration basically rescinded a similar regulation during his first administration and could aim for a repeat now, Silber says. He calls out Adtalem Global Education, Grand Canyon Education and Strategic Education as potential beneficiaries. Their shares are up 9%, 12% and 10%, respectively. (dean.seal@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 13:00 ET (18:00 GMT)
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