Wells Fargo Starts Lincoln Educational Services (LINC) at Market Perform

Wells Fargo initiated coverage on Lincoln Educational Services (NASDAQ: LINC) with a Market Perform rating and a $5.25-$6 valuation range.

Amid the company's "big promise" for the June quarter, Wells Fargo is taking a cautious stance. The firm's valuation "attributes only a small discount to the P/E multiple relative to the S&P500... On this basis, which in the current environment appears expansive, the stock seems fully valued."

For an analyst ratings summary and ratings history on Lincoln Educational Services click here. For more ratings news on Lincoln Educational Services click here.

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