Truist raised the firm’s price target on Universal Technical (UTI) to $32 from $26 and keeps a Buy rating on the shares. The company reported a strong start to FY25 with revenue and adjusted EBITDA coming 4% and 39% ahead of consensus, even though roughly half of EBITDA upside was driven by expense timing, the analyst tells investors in a research note. Truist adds however that it remains encouraged by Universal Technical’s favorable new enrollment trends.
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