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UPDATE: Piper Jaffray Initiates On Cintas On Strong Market Positioning

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RBC Capital Markets Reiterates Sector Perform, Raises PT On Cintas On Valuation
Earnings Scheduled For March 18, 2015

In a report published Monday, Piper Jaffray analyst George Tong initiated a Neutral rating on Cintas (NASDAQ: CTAS) and initiated a price target of $56.00.

In the report, Piper Jaffray says "We are initiating coverage on Cintas with a Neutral rating and $56 price target. We believe Cintas' extensive distribution network in uniform rentals across the U.S. positions it to capture market share and benefit from rising employment levels in industries that use rented uniforms in the context of an improving macro backdrop. We find Cintas' strong market positioning and execution balanced near-term by a relatively fair valuation."

Cintas closed on Monday at $54.29.

Latest Ratings for CTAS

DateFirmActionFromTo
Mar 2015BarclaysMaintainsEqual-weight
Dec 2014BarclaysMaintainsEqual-weight
Dec 2014JefferiesMaintainsBuy

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

Posted-In: George Tong Piper JaffrayAnalyst Color Initiation Analyst Ratings

 

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