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Barrington Research increased its Cintas
CTAS price target from $41 to $45 in a research report published today. Barrington Research has an Outperform rating on the company.
In the report, Barrington Research stated, "Cintas continues to execute well in an uncertain economic environment. We see opportunity for continued solid organic growth and operating margin expansion, driven primarily by internal initiatives. A more significant improvement in the external environment (labor market) would contribute high-margin revenue growth as existing customers add employees at low incremental cost to Cintas."
Shares of Cintas closed today at $39.60, up 1.02% from Wednesday's market close.
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