Truist raised the firm’s price target on Universal Technical (UTI) to $40 from $37 and keeps a Buy rating on the shares after hosting investor meetings for the company earlier this week. Meeting takeaways saw investor sentiment in for-profit education “as positive as seen in five years around the space”, with another 5% potential upside to FY25 EBITDA, the analyst tells investors in a research note. Truist adds that the company is unlikely to be impacted by proposed student loan changes in the House reconciliation bill.
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