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UniFirst Shares Downgraded On Recent Stock Rally

Stock quotes in this article: CTAS , UNF  

NEW YORK (AP) — An analyst Monday downgraded shares of UniFirst Corp., which supplies uniforms and protective clothing, after a recent dramatic gain in value.

R.W. Baird analyst Andrea E. Wirth downgraded the shares, which have risen 69 percent since March 9, to "Outperform" from "Neutral."

Wirth took the same action for UniFirst peer Cintas Corp. stock, saying the facilities services sector generally tends to outperform well in advance of a bottom in fundamentals. ...

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