Cintas price target raised to $512 from $503 at Stifel

Stifel analyst Shlomo Rosenbaum raised the firm’s price target on Cintas to $512 from $503 and keeps a Hold rating on the shares. The "key takeaway" from the Cintas’ quarterly report and call is that its revenue growth remains healthy despite the headlines around slowing employment and large layoff announcements, though Stifel does expect tougher comps in FY24. The firm’s revised price target implies 10% upside from current levels, notes the analyst, who calls this "interesting, but not quite enough to warrant a ratings upgrade."