UPDATE: RBC Capital Markets Reiterates Sector Perform Rating, Raises PT on Cintas Corporation on Valuation

In a report published Thursday, RBC Capital Markets analyst Gary Bisbee reiterated a Sector Perform rating on

, and raised the price target from $78.00 to $83.00. In the report, RBC Capital Markets noted, "Cintas reported strong Q3/F15 results that met/beat revenue/ EPS expectations, and raised its FY15 EPS guidance by ~3%. We remain constructive on the company's outlook but we think the good news is largely priced in after a very strong LTM run. Sector Perform." Cintas Corporation closed on Wednesday at $86.16.