Lincoln Educational initiated with a Buy at Texas Capital

Texas Capital initiated coverage of Lincoln Educational (LINC) with a Buy rating and $26 price target Lincoln is the second largest publicly traded, for-profit, trade school in the U.S., the analyst tells investors in a research note. The firm says that after years of cost cuts and restructuring, the company has been increasing student enrollment and revenue despite a “typically unfavorable environment for the industry.” Texas believes the Trump administration should give the education for-profit sector a “level-playing field and ease restrictions on its disciplined growth plan.”