Cintas price target raised to $510 from $500 at Argus

Argus analyst John Eade raised the firm’s price target on Cintas to $510 from $500 and keeps a Buy rating on the shares. The company is well managed and offers a long record of market outperformance and dividend growth, the analyst tells investors in a research note. The balance sheet of Cintas is also clean, and its management has signaled confidence in its outlook with a double-digit dividend hike, Argus adds.