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-0.000398928591782032 -0.000113979597651917 0.00199464295891032 0.00153872456830233 0.00219410725480134 0.000512908189434111 -0.00159571436712829 -0.00179517866301931
Stock impact report

Citi Lowers Cintas (CTAS) Price Target, Flags Cyclical Risk and Valuation Pressure [Yahoo! Finance]

Cintas Corporation (CTAS) 
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Company Research Source: Yahoo! Finance
Photo by Vitaly Taranov on Unsplash On March 31, Citi analyst Leo Carrington lowered the firm's price recommendation on Cintas Corporation (NASDAQ:CTAS) to $160 from $181. It reiterated a Sell rating on the shares. He pointed to continued growth supported by new business wins and cross-selling. At the same time, he noted that the company remains exposed to economic cycles, especially with a weaker US employment backdrop. That dynamic, in his view, keeps the risk-reward profile skewed to the downside. He added that valuation continues to be the main constraint, even when factoring in the potential upside from Unifirst accretion. On March 26, UBS also adjusted its outlook on Cintas, lowering the price target to $228 from $235 while maintaining a Buy rating. The firm noted that the company delivered 8.2% organic growth, even with limited payroll expansion. Earnings per share met expectations but did not exceed them, which the analyst attributed in part to the timing of SG&A expenses Show less Read more
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