Cintas price target raised to $441 from $419 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Cintas to $441 from $419 and keeps an Equal Weight rating on the shares. Cintas ended the fiscal year on “a solid note with beats across key metrics,” while noting no change to customer activity and guiding to mid-single and high-single digit growth in revenue and adjusted EPS, respectively, for FY24, the analyst tells investors.