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Fly News Breaks for September 13, 2018
LINC
Sep 13, 2018 | 10:39 EDT
Barrington analyst Alexander Paris raised his price target for Lincoln Educational Services to $3.50 citing the company's recent earnings guidance boost. Lincoln on Tuesday night updated its previously issued guidance for 2018 as a result of its decision to cease operations of the Lincoln College of New England campus in Southington, Connecticut, effective December 31, 2018, Paris tells investors in a research note. He points out that management expects the savings realized from the closure to enhance the prospects of achieving profitability in 2019. Paris believes management Lincoln Educational "is doing all the right things," including consolidating/closing campuses and cutting costs. He keeps an Outperform rating on the shares.
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