Wunderlich Securities Comments on Lincoln Educational Services

Wunderlich Securities provided color on Lincoln Educational Services (LINC) in a research report published today. Wunderlich Securities has previously given Lincoln Educational Services a Hold rating and $11 price target. In the report, Wunderlich Securities states, "We believe market cap, liquidity and the slow pace of the turnaround will likely cause Lincoln Educational (LINC) shares to lag a general recovery in the group. Management reiterated confidence in a 2H12 recovery in start growth, citing the negative impact of regulatory changes and easier comparisons as the basis for its confidence. At the same time, management also acknowledged that economic pressures on students remained a contributing factor. The company is comfortable with its regulatory position, including information requests from the NY Attorney General." Shares of Lincoln Educational Services were trading at $9.08 at the time of posting, up 1.00% from Thursday's market close.