Lincoln Educational Services (LINC) PT Raised to $24 at Rosenblatt

Rosenblatt analyst Steve Frankel raised the price target on Lincoln Educational Services (NASDAQ: LINC) to $24.00 (from $20.00) while maintaining a Buy rating.

The analyst comments "Despite continued strong execution and favorable industry trends, LINC trades at less than 9x EV/CY25 EBITDA, below the peer group's 12x multiple, which we see as undervalued. With another strong quarter in the books, we are reiterating our Buy rating and raising our price target from $20 to $24, which assumes the shares trade inline with the peer group."

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