Lake Street analyst Eric Martinuzzi raised the firm’s price target on Universal Technical (UTI) to $22 from $19 and keeps a Buy rating on the shares. While “too soon to read through any direct benefit from the recent election results,” the firm said it liked the company’s view that there is likely to be a more-level regulatory playing field between for-profit and not for profit providers of skilled collar education and believes a favorable political backdrop is “yet another reason to believe shares can continue to outperform,” noting that it also raised it estimates following the Q4 report.
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Read More on UTI:
- Universal Technical Institute Reports Strong FY 2024 Growth
- Universal Technical Institute Reports Strong Fiscal 2024 Performance
- Universal Technical reports Q4 EPS 34c vs. 10c last year
- Universal Technical sees FY25 EPS 93c-$1.01, consensus 94c
- Universal Technical price target raised to $25 from $22 at B. Riley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
