03:15 PM EDT, 03/11/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $5 to $206, valuing shares at a forward P/E of 39.7x our next-12-month EPS view, below its three-year average of 40.8x. We keep our FY 26 EPS view at $4.90 and raise FY 27 EPS by $0.02 to $5.44. CTAS announced an agreement to acquire UniFirst (UNF) for $310 per share in a mixed cash and stock transaction valued at $5.5B. UNF shareholders will receive $155 in cash plus 0.7720 shares of CTAS stock for each share owned, representing a significant premium to previous offers. The transaction is expected to close in 2H 2026, subject to UNF shareholder approval and regulatory clearance, which we see as highly likely given the more relaxed regulatory environment under the Trump administration. The deal culminates a multiyear pursuit beginning in 2022, suggesting management has high conviction in the strategic rationale after extensive due diligence and multiple negotiation rounds. Management expects to generate at least $375M in annual run-rate cost synergies within four years.