Cintas price target raised to $500 from $470 at Wells Fargo

Wells Fargo analyst Seth Weber raised the firm’s price target on Cintas to $500 from $470 and keeps an Equal Weight rating on the shares. Upside to Q4 was partially tempered by Cintas’s initial FY24 EPS mid-point that was below consensus, the analyst tells investors in a research note. The firm views the outlook as potentially conservative.