Truist Securities Reiterates Buy Rating on Universal Technical Institute (UTI)

Truist Securities analyst Jasper Bibb reiterated a Buy rating and $38.00 price target on Universal Technical Institute (NYSE: UTI).

The analyst comments "We are refreshing our thoughts on Universal Technical Institute (UTI) following a rough F4Q guide/enrollment cycle and punishing subsequent sell-off. We recognize investors' frustration and the sentiment UTI needs to build back credibility over a few more quarters. We still like the name here given: (1) we see significant share price upside if execution gets back on track; and (2) we think slowing the pace of campus openings in FY28/FY29 could materially de-risk EBITDA growth. Accordingly, we like the risk/reward here on thematically strong student demand and potential levers to pull to improve FY28/FY29 EBITDA."

For an analyst ratings summary and ratings history on Universal Technical Institute click here. For more ratings news on Universal Technical Institute click here.

Shares of Universal Technical Institute closed at $19.17 yesterday.

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