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barclays downgrades unifirst to underweight amid growth concerns and price target cut
Barclays has downgraded UniFirst Corp. (UNF) from Equalweight to Underweight, reducing the target price by 16% to $152, indicating an 11% potential downside due to sluggish growth and strategic challenges. Despite this, Wall Street analysts project an average target price of $186.25, suggesting a potential upside of 14.12% from the current price of $163.20. GuruFocus estimates a 24.02% upside based on a GF Value of $202.40 for the stock over the next year.
Barclays upgrades ADT stock rating and raises price target to nine dollars
Barclays has upgraded ADT's stock rating from Underweight to Equalweight, raising the price target to $9 from $7, citing strong momentum and strategic clarity. The company reported a 5% revenue increase to $4.9 billion and a 25% rise in adjusted net income to $685 million for fiscal year 2024. ADT also enhanced shareholder value with a 57% dividend boost and a $350 million stock buyback program, while improving its financial leverage from 4.7 to 2.9 times.
Barclays upgrades ADT to equalweight with new price target of nine dollars
Barclays analyst Manav Patnaik has upgraded ADT (NYSE: ADT) from Underweight to Equalweight, raising the price target from $7.00 to $9.00. This change reflects a more favorable outlook for the company in the current market environment.