Baird Downgrades UniFirst to Neutral, Announces $185 Price Target
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann has downgraded UniFirst (NYSE:UNF) from Outperform to Neutral and set a price target of $185. This change reflects a revised outlook on the company's stock performance.
January 04, 2024 | 1:03 pm
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NEUTRAL IMPACT
UniFirst downgraded by Baird from Outperform to Neutral with a price target of $185, indicating a potential stagnation or moderation in stock performance.
Downgrades typically suggest that the analyst sees limited upside potential or increased risk to the current stock price. The neutral rating implies that Baird believes UniFirst stock may perform in line with the market or sector, without significant gains. The price target of $185 provides a reference for the expected stock value, which may influence investor expectations and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100