Universal Technical price target raised to $17 from $12 at Lake Street

Lake Street raised the firm’s price target on Universal Technical to $17 from $12 and keeps a Buy rating on the shares. Following the Q1 report, the firm believes the business is “in a much more stable, predictable position than this time a year ago,” the analyst tells investors. The firm, which was “impressed” with the company’s Q1 performance, raised its estimates in line with the upwardly revised guidance, the analyst added.