Barrington Research Reiterates Outperform Rating on Lincoln Educational Services
Barrington Research reiterates its Outperform rating on Lincoln Educational Services (NASDAQ: LINC) and has a $13 price target on the company in a research report out today.
In the report, Barrington Research writes, "While fiscal 2011 was a transition year for LINC, we expect a return to slower, more sustainable, more predictable enrollment and, ultimately, more profitable and consistent earnings growth in time. With the worst behind us in terms of starts as we expect a return to starts growth in 2012, we expect the stock to grind higher from current levels."
Shares of Lincoln Educational Services are currently trading at $7.66, down 4.84% from yesterday's close.
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