Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

COCO started with a Buy at Merrill Lynch; target $72 (60.14 )

Merrill Lynch initiates coverage of Corinthian Colleges with a Buy rating and $72 target; firm believes that the stock should trade in-line with its peers and at least in-line with its growth rate, if not at a premium, given the co's strong growth prospects and historic tendency to positively surprise; firm also notes that the stock is trading at 27.0x and 21.6x their CY04-05 ests, an 18% discount to its peers, and on a PEG basis the stock is trading at 1.08x and 0.86x their CY04-05 ests, a 31% discount to its peer group.