Baird analyst Andrew Wittmann raised the firm’s price target on Cintas to $540 from $524 and keeps an Outperform rating on the shares. The firm said they reported in-line results but attribute the stock selloff to high expectations and market sell-off with management commentary unchanged, citing broad-based new business momentum and healthy incremental margins.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CTAS:
- Cintas raises FY24 EPS view to $14.00-$14.45 from $13.85-$14.35
- Cintas reports Q1 EPS $3.70, consensus $3.67
- Options Volatility and Implied Earnings Moves Today, September 26, 2023
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, September 25 – September 29, 2023