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UPDATE: Credit Suisse Reiterates on Cintas Based on Updated Guidance

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

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

 

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