Wells Fargo lowered the firm’s price target on Cintas (CTAS) to $218 from $221 and keeps an Equal Weight rating on the shares. The firm notes the company delivered a strong Q1 with organic growth +7.8% vs. Street +7.3%, while margins disappointed on tough comps and elevated investments. Guidance for revenue and EPS was raised in-line with Street estimates, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTAS:
- Cintas Hold Rating: Limited Upside Amid Strong Organic Growth and High Valuation
- Cintas Reports Strong Q1 Earnings and Raises Guidance
- Micron reports Q4 beat, Instagram reports 3B MAUs: Morning Buzz
- Cintas Corporation: Strong Financial Performance and Strategic Guidance Justify Buy Rating Despite Margin Concerns
- Cintas raises FY26 EPS view to $4.74-$4.86 from $4.71-$4.85, consensus $4.85