BofA lowered the firm’s price target on Cintas to $560 from $580 and keeps a Buy rating on the shares. Fiscal Q1 EPS “missed our optimistic $3.95 outlook,” but beat the $3.67 Visible Alpha consensus forecast, the analyst noted. The firm expects Cintas to “continue to beat & raise as the year progresses,” but is cutting its price target to reflect lower estimates following the report.
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