Market Overview

UPDATE: KeyBanc Capital Markets Downgrades Cintas Corporation to Hold; No Near-Term Catalysts

Share:
Related CTAS
Mid-Afternoon Market Update: Dow Jumps Over 150 Points; Steelcase Shares Dip Following Weak Results
Mid-Day Market Update: Cintas Gains On Earnings Beat; NetApp Shares Slide

KeyBanc Capital Markets reduces its rating on Cintas Corporation (NASDAQ: CTAS) from Buy to Hold and suspends its price target of $43.

KeyBanc Capital Markets notes, "Downgrading CTAS Shares to HOLD from BUY Due to Lack of a Near-Term Catalyst, Used Paper Headwinds, Past Outperformance."

CTAS closed at $37.85 on Wednesday.

Latest Ratings for CTAS

DateFirmActionFromTo
Dec 2015BarclaysMaintainsEqual-weight
Sep 2015Bank of AmericaMaintainsUnderperform
Aug 2015Morgan StanleyInitiates Coverage onEqual-weight

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

Posted-In: KeyBanc Capital MarketsAnalyst Color Downgrades Price Target Intraday Update Analyst Ratings

 

Related Articles (CTAS)

Get Benzinga's Newsletters