Cintas initiated with a Buy at Truist

Truist analyst Jasper Bibb initiated coverage of Cintas with a Buy rating and $625 price target. A return to normalized pricing increases and moderating input costs could drive upside margin gains and FY26 consensus EPS 10%+ higher, the analyst tells investors in a research note. The firm believes a premium multiple is justified by business quality, growth prospects and management’s track record of value creation.