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In a report published Wednesday, Barrington Research analyst Alexander Paris Jr. reiterated an Outperform rating and $5.00 price target on
Lincoln Educational Services Corp.LINC.
In the report, Barrington Research noted, “With starts down at a lesser rate than consensus, we believe the quarter was not as bad as feared. We acknowledge that one quarter does not make a trend and this stock will be a ‘show me' story, but we believe management's actions will translate into a better 2015. At current levels (3.1x our 2015 EBITDA estimate vs. a peer group average of 6x) and what we believe is an improving outlook, we see no reason why this stock cannot move higher given this risk/reward profile. As such, we are reiterating our OUTPERFORM investment rating.”
Lincoln Educational Services Corp. closed on Tuesday at $2.96.
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