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UPDATE: Credit Suisse Reiterates on Cintas Based on Updated Guidance

Related CTAS
Cintas Beats Q2 Expectations, Shares Pop Higher
Earnings Scheduled For December 18, 2014

In a report published Monday, Credit Suisse analyst Hamzah Mazari reiterated a Neutral rating on Cintas (NASDAQ: CTAS), and raised the price target from $56.00 to $60.00.

In the report, Credit Suisse noted, “Our FY2014 EPS goes to $2.77 (from $2.74) based on updated guidance. Our FY2015 EPS goes to $3.07 (from $3.02) based on minor adjustments to our model. We are raising our target price to $60 based on our higher forecasts. Hold on to what you own if you believe employment trends within uniform are picking up and that penetration rates will improve to drive higher incremental margins. We also believe management is being prudent in capital allocation going forward.”

Cintas closed on Friday at $59.30.

Latest Ratings for CTAS

DateFirmActionFromTo
Dec 2014BarclaysMaintainsEqual-weight
Dec 2014JefferiesMaintainsBuy
Dec 2014Bank of AmericaMaintainsUnderperform

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

Posted-In: Credit Suisse Hamzah MazariAnalyst Color Price Target Analyst Ratings

 

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