Universal Technical price target raised to $14 from $10 at B. Riley

B. Riley raised the firm’s price target on Universal Technical to $14 from $10 and keeps a Buy rating on the shares. The company’s “robust” fiscal 2023 results aided by strong starts and its guidance is strong, the analyst tells investors in a research note. The firm sees “excellent” growth prospects, strong offerings in a tight industrial skills environment, and a discounted valuation for Universal Technical.