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

KeyBanc Capital Markets reduces its rating on Cintas Corporation 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.