UniFirst Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Cintas (NASDAQ:CTAS), UniFirst (NYSE:UNF)

Core Viewpoint - UniFirst Corporation is expected to report a decline in quarterly earnings while showing a slight increase in revenue, amidst an acquisition proposal from Cintas Corporation [1]. Financial Performance - Analysts predict UniFirst will report earnings of $2.06 per share for the first quarter, down from $2.40 per share in the same period last year [1]. - Revenue is anticipated to reach $615.23 million, an increase from $604.91 million a year earlier [1]. Acquisition Proposal - On December 22, UniFirst received an acquisition proposal from Cintas Corporation, offering $275 per share in cash [1]. Stock Performance - Shares of UniFirst fell by 1.1%, closing at $192.90 [2]. Analyst Ratings - UBS analyst Joshua Chan maintained a Neutral rating and reduced the price target from $190 to $182 [3]. - Barclays analyst Manav Patnaik maintained an Underweight rating and cut the price target from $152 to $145 [3]. - JP Morgan analyst Andrew Steinerman reinstated an Underweight rating with a price target of $175 [3]. - Baird analyst Andrew Wittmann maintained a Neutral rating and lowered the price target from $218 to $197 [3].