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

David Johnson, Benzinga Staff Writer
May 17, 2012 10:22 AM
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Tickers: CTAS
Benzinga Share:

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.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tags: KeyBanc Capital Markets

Posted in: Analyst Color, Downgrades, Price Target, Intraday Update, Analyst Ratings

 

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