UniFirst Stock Crumbles on Billion-Dollar Buyout Blunder

Core Viewpoint - UniFirst Corp's stock is experiencing a significant decline following the termination of a buyout offer from Cintas, which had valued UniFirst at $275 per share, totaling$5.3 billion [1] Group 1: Stock Performance - UniFirst's stock is down 13.5% to $170.89, hitting a low of$162, the lowest level since January [1][2] - The stock has been on a steady downtrend since reaching a three-year high of $243.70 on January 7 [2] - Despite the recent decline, the stock is attempting to maintain its year-to-date breakeven mark [2] Group 2: Analyst Reactions - UBS has reduced its price target for UniFirst from$235 to $194 following the failed acquisition [1] Group 3: Upcoming Earnings Report - UniFirst is set to release its latest earnings report on April 2, with the stock having finished higher after three of its last four reports [3] - Broader market volatility, influenced by President Trump's tariff deadline, is expected to impact the earnings report [3] - Historically, the stock has averaged a 6.4% price movement over the last two years, with current options pricing indicating an anticipated 8.4% swing [3]