Cintas price target raised to $540 from $510 at Argus

Argus analyst John Eade raised the firm’s price target on Cintas to $540 from $510 and keeps a Buy rating on the shares. The company is well positioned for the future as businesses increasingly prioritize employee health and workplace cleanliness, the analyst tells investors in a research note. Cintas balance sheet is clean and its management has signaled confidence in its outlook with a double-digit dividend hike, Argus added.