UPDATE: Wunderlich Initiates Universal Technical Institute at Buy

Wunderlich is out with its report today on Universal Technical Institute

, initiating UTI at Buy. In its report, Wunderlich writes, "We are initiating coverage of Universal Technical Institute, Inc. with a Buy rating and a price target of $21.00. As a pure-play, best-in-class provider of automotive repair training, UTI represents a unique asset among the publicly traded post-secondary operators." Wunderlich has a $21 PT on UTI. At the time of posting, shares of UTI were trading at $14.54, down 0.14% from Wednesday's close.