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Fly News Breaks for June 29, 2018
UNF
Jun 29, 2018 | 15:24 EDT
Barrington analyst Kevin Steinke kept his Market Perform rating on UniFirst after its Q3 results, saying that while earnings and revenue topped expectations, organic sales growth slowed on more difficult comparison relative to last year. The analyst also points to cautious commentary from the management, warning about potential margin headwinds amid continued upward pressure on wages and fuel costs. Steinke says he would turn more constructive if the company could increase its operating leverage.