Lincoln Educational price target raised to $27 from $23 at B. Riley

B. Riley raised the firm’s price target on Lincoln Educational (LINC) to $27 from $23 and keeps a Buy rating on the shares. Lincoln Educational’s revenue and EBITDA outpaced consensus estimates as the company continues to benefit from macro tailwinds, the analyst tells investors in a research note. The firm views Lincoln as a prime beneficiary of what appears to be a transformation in the U.S. education landscape characterized by more students turning away from traditional four-year degree programs, instead opting for career-oriented alternatives like trade schools and vocational programs given the rising demand for skilled labor and healthcare professionals.