Market Overview

UPDATE: Piper Jaffray Initiates On Cintas On Strong Market Positioning

Share:
Related CTAS
Analyst: Here's Why Cintas Stock Fell Despite A Quarterly Beat-And-Raise
25 Stocks Moving In Friday's Pre-Market Session

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
Sep 2017BairdMaintainsOutperform
Sep 2017BarclaysMaintainsOverweight
Sep 2017Morgan StanleyMaintainsUnderweight

View More Analyst Ratings for CTAS
View the Latest Analyst Ratings

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

 

Related Articles (CTAS)

View Comments and Join the Discussion!