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KeyBanc Capital Markets Initiates G&K Services Coverage: Hold

KeyBanc Capital Markets initiated G&K Services (NASDAQ: GKSR) coverage with a Hold rating in a research report published today.

In the report, KeyBanc Capital Markets states, "In our view, GKSR's strategy to focus on its core rental business has and should continue to drive margin expansion over the next one to three years. While it faces nearterm headwinds stemming from greater merchandise investment costs, we anticipate renewed focus on uniform rental should drive more profitable growth and better execution."

Shares of G&K Services closed today at $28.51, down 2.30% from Monday's market close.

Posted-In: KeyBanc Capital MarketsAnalyst Color Initiation Analyst Ratings

 

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