Piper Jaffray Maintains Universal Technical Institute Neutral Rating, Lowers PT To $16 (UTI)

Piper Jaffray maintained its Universal Technical Institute UTI rating of Neutral and lowered Universal Technical Institute's price target to $16 from $17 in a research report published today. In the report, Piper Jaffray states, "We like UTI's strong franchise in the auto training market and its low regulatory risk profile. That said, decelerating near-term growth and a relatively full valuation versus industry peers suggest limited near-term upside in the shares. We therefore maintain our Neutral rating." Shares of Universal Technical Institute were at $19.15 in after hours trading at the time of posting, down 0.47% from Thursday's market close.