JP Morgan Maintains Underweight on UniFirst, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrew Steinerman maintains an Underweight rating on UniFirst (NYSE:UNF) and raises the price target from $150 to $160.
October 19, 2023 | 6:30 pm
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JP Morgan maintains an Underweight rating on UniFirst and raises the price target from $150 to $160.
The Underweight rating maintained by JP Morgan suggests that the firm believes UniFirst's stock may underperform compared to other stocks. However, the raised price target from $150 to $160 indicates a slightly more positive outlook on the stock's future performance. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100