Analysts Still Hesitant about Career Education Corp

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Byline: Katherine Glover Medill News Service

Its stock has recovered a bit since the troubled Career Education Corp. announced in September its CEO was stepping down, but analysts are still lukewarm on the international provider of higher education.

"With the company acknowledging that it could take up to six months to hire the right candidate, the risk is the company doesn't take aggressive actions until they have a new CEO on board," said Gary Bisbee of Lehman Brothers Inc.

Of 17 analysts tallied by Bloomberg News, only one recommends buying the stock of the Hoffman Estates-based company, while 12 said hold and four recommended selling.

Ivan …