Loading...
Loading...
In a report published Thursday, Jefferies analyst Dan Dolev reiterated a Buy rating on
Cintas CorporationCTAS, but lowered the price target from $53.00 to $52.00.
In the report, Jefferies noted, “Yesterday morning, UniFirst reported its F3Q13 earnings and provided updated F13 guidance. The deceleration in its uniform rental organic growth (+5.9%) does not necessarily imply CTAS' rental business is weakening. The market seems to agree (UNF -6%, CTAS flat/positive, S&P +1%). UNF's reiteration of the high end of its top-line guidance and strong (+310bps) margin growth should bode well for CTAS. Lowering PT to $52. Reiterate BUY.”
Cintas Corporation closed on Thursday at $45.44.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in