Universal Technical price target raised to $36 from $30 at Rosenblatt

Rosenblatt analyst Steve Frankel raised the firm’s price target on Universal Technical (UTI) to $36 from $30 and keeps a Buy rating on the shares. The firm says the combination of strong corporate partnerships and successful outcomes that drive a high return on investment for students at its schools continues to payoff, driving another “beat and raise quarter.” It believes Universal Technical’s “story is still in the early innings.”