Lincoln Educational initiated with an Outperform at Northland

Northland analyst Luke Horton initiated coverage of Lincoln Educational (LINC) with an Outperform rating and $24 price target The firm believes Lincoln is well-positioned in the education vertical and sees it benefiting from favorable macro trends like rising demand for skilled trades and healthcare professionals and “a growing aversion to costly four-year degrees.” The firm sees room for significant multiple expansion as the company executes on its growth strategy, the analyst added.