UPDATE: Wunderlich Initiates Lincoln Educational Services

Wunderlich is out with its report today on Lincoln Education Services LINC, initiating LINC at Hold. In its report, Wunderlich writes, "We are initiating coverage of Lincoln Educational Services Corporation with a Hold rating and a price target of $11. Lincoln is one of the better-diversified for-profit providers of career-oriented training and education in the market." At the time of posting, shares of LINC were trading at $9.63, down 2.03% from Wednesday's close.