DeVry Inc. (DV) Shares Surge 10%

Shares of DeVry Inc. (NYSE: DV) got a boost today when analysts raised their price targets after the company released better than expected earnings news on Tuesday.

DeVry reported its profits rose 69% to $72.5 million, or $1.00 per share, compared to $42.9 million, or 59 cents per share, in the year-ago quarter.

Revenue rose 28% to $473 million, compared to $370 million in the fiscal 2nd quarter of last year.

Analysts had expected earnings of 83 cents per share on revenue of $465 million, according to a poll by Thomson Reuters.

Robert W. Baird & Company analyst Amy Junker upgraded the company to "Outperform" from "Neutral." She also raised her target price to $76 from $62.

Morgan Stanley analysts said that DeVry is still their top pick in the education sector and raised their price target to $72.

FBR Capital Markets analyst Matt Snowling raised his price target to $72 from $68.

DeVry's 52 week trading range is from $38.19 to $61.50.