B. Riley raised the firm’s price target on Universal Technical (UTI) to $36 from $31 and keeps a Buy rating on the shares. Universal Technical’s Q2 results featured revenue and EBITDA that were well ahead of consensus estimates, the analyst tells investors in a research note. The firm sees Universal Technical as being a prime beneficiary of several macro tailwinds.
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Read More on UTI:
- Universal Technical price target raised to $35 from $31 at Lake Street
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- Universal Technical price target raised to $36 from $35 at Barrington