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