UBS Raises its Price Target on UniFirst Corporation (UNF) to $260 from $206
UBS increases price target for UniFirst Corporation.
UBS has raised its price target for UniFirst Corporation (NYSE:UNF) to $260 from $206, citing a solid quarterly performance that slightly exceeded expectations. In its recent Q2 earnings report, UniFirst announced revenue of $622.51 million, surpassing the consensus estimate of $614.91 million. The company is also set to be acquired by Cintas Corporation for $310 per share, a deal valued at approximately $5.5 billion, which includes significant expected cost synergies.
Key Takeaways
- 1.
UniFirst's Q2 revenue reached $622.51M, exceeding estimates of $614.91M.
- 2.
Cintas Corporation plans to acquire UniFirst for $310 per share, valuing the deal at approximately $5.5B.
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