UPDATE: Barrington Maintains Market Perform on UniFirst
Barrington is out with its report today on UniFirst (NYSE: UNF), maintaining Market Perform.
In its report, Barrington writes, "We maintain our MARKET PERFORM rating due to ongoing margin headwinds, which results in our forecast of flattish EPS growth in fiscal 2012. UniFirst continues to execute well in terms of new sales, which could drive solid earnings growth once margin pressures abate. Therefore, patient value-oriented investors may find current valuation intriguing."
At the time of posting, shares of UNF were trading at $50.50, up 0.22% from Wednesday's close.
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