Universal Technical price target raised to $38 from $35 at Lake Street

Lake Street raised the firm’s price target on Universal Technical (UTI) to $38 from $35 and keeps a Buy rating on the shares. While the firm appreciates the recent rise in shares, it believes marketing lead volumes on the input side, and macro demand for graduates on the output side, continue to support improving fundamentals and share price over the next twelve months, the analyst tells investors after CEO Jerome Grant, COO Todd Hitchcock, and CFO Bruce Schuman hosted a Q&A session with analysts.