Piper Jaffray Downgrades Archipelago Learning (ARCL) to Neutral; Core Business Visibility Dim & New Execution Risks

Piper Jaffray downgrades Archipelago Learning (Nasdaq: ARCL) from Overweight to Neutral. PT cut from $24 to $13. Piper analyst says, "We are downgrading shares of ARCL to Neutral for the following reasons: 1) limited visibility on the timing and likelihood of major Study Island customer renewals, including NJ, MI, and OH; 2) significant execution...

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