JPMorgan Downgrades UniFirst, Cuts Price Target By 11%
JPMorgan analyst Andrew Steinerman downgraded UniFirst Corp (NYSE:UNF) to Underweight from Neutral, reflecting on the Q2 EPS miss and mixed FY22 outlook. The analyst also lowered the price target to $178 (a downside of 1.4%) from $200. The analyst notes management's dim visibility into cost and margin headwinds and the company's financial performance amid…
Benzinga ·
Benzinga
