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Fly News Breaks for October 12, 2017
UNF
Oct 12, 2017 | 08:00 EDT
Baird analyst Andrew Wittmann previewed Q4 earnings for UniFirst and noted its history of conservative initial guidance. He said its guidance, coupled with possible negative storm-related impacts, could present a potential buying opportunity. The analyst said the industry/company fundamentals remain solid, its balance sheet is always overcapitalized, and the company should see accelerating growth. Wittmann reiterated his Outperform rating and $163 price target on UniFirst shares.
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