In a report published Tuesday, Jefferies analyst Dan Dolev reiterated a Buy rating on Cintas CTAS, but lowered the price target from $52.00 to $51.00.
In the report, Jefferies noted, “On Monday, CTAS reported F4Q13 results and provided FY14 guidance. Overall, results were disappointing, especially the deceleration in rental organic growth (+4.8% vs. +5.5% in F3Q), negative adds/stops, worse than F4Q in the last 2 years, and FY14 EPS guidance 2-5% below consensus. While macro headwinds linger, we see significant sales/margin upside to CTAS when end-markets finally inflect. BUY. PT $51. ($52 prev.).”
Cintas closed on Monday at $47.88.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
