Universal Technical price target raised to $36 from $35 at Barrington

Barrington raised the firm’s price target on Universal Technical (UTI) to $36 from $35 and keeps an Outperform rating on the shares after the company’s Q2 results came in above expectations and FY25 guidance was raised. The firm expects continued strong performance going forward, driven by Phase II of its North Star Strategy, which is expected to result in a five-year revenue compound annual growth rate of 10%, the analyst tells investors.