Fly News Breaks for December 17, 2019
Dec 17, 2019 | 09:59 EDT
B. Riley FBR analyst Raj Sharma earlier today initiated coverage of Universal Technical Institute with a Buy rating and $9 price target. The company has a countercyclical business that benefits from any slowdown in the economy, Sharma tells investors in a research note. Further, the analyst believes the nationwide technician shortage and the high cost of four-year colleges are likely to lead to a trade school "resurgence."
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