Truist lowered the firm’s price target on Cintas (CTAS) to $215 from $225 but keeps a Buy rating on the shares. The stock’s post-earnings decline was due to in-line Q2 revenues and a lowered organic growth guide at the high end, though the net revision to organic guidance was minimal, the analyst tells investors in a research note. Truist adds that it sees FY25 EPS outlook as “overall conservative”, implying a 25%-33% incremental operating margin in the second half vs. 46% in the first half. The firm is also raising its FY25 EPS view by 10c to $4.31 and its FY26 view by 12c to $4.67.
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