Cintas price target raised to $512 from $500 at Baird

Baird analyst Andrew Wittmann raised the firm’s price target on Cintas to $512 from $500 and keeps an Outperform rating on the shares. The analyst said they reported a typical quarter with solid organic revenue upside driving margin leverage, cash flow, and a slight guidance raise. Shares’ record roughly 100% premium to the S&P 500 is worth noting, but advantages from scale and strong management with a good growth outlook keep us involved for long term holders.