Barrington raised the firm’s price target on Universal Technical (UTI) to $18 from $15 and keeps an Outperform rating on the shares following the company’s Q1 beat and FY24 guidance raise. After being up 17% year-to-date after gaining 86% in 2023, Universal is trading at a premium to its postsecondary education peer group average, but at a slight discount to its closest comp, Lincoln Educational Services (LINC), the analyst tells investors. Universal entered FY24 with significant momentum and the firm expects continued strong performance going forward, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UTI:
- Universal Technical Institute Reports Fiscal Year 2024 First Quarter Results
- UTI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Universal Technical names Carolyn Frank as chief human resource officer
- Universal Technical initiated with an Outperform at Northland
- Universal Technical Institute, Inc. Announces Conversion of All Series A Preferred Stock into Common Stock
