Cintas price target raised to $550 from $500 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Cintas to $550 from $500 and keeps an Overweight rating on the shares. The company’s fiscal Q4 beat was expected “but nonetheless best in-class,” the analyst tells investors in a research note. Management commentary acknowledged uncertainty but highlighted resiliency and confidence in execution no matter what macro, says the firm.