tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

UniFirst downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded UniFirst (UNF) to Underweight from Equal Weight with a price target of $152, down from $180. The company’s results reinforced the view of its “long road ahead as a standalone company.” This is even before tariffs impacts that risk a recession and can hurt the company’s supply chain, the analyst tells investors in a research note. Barclays believes this warrants the removal of any acquisition premium that has been in the shares.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1