Cintas price target raised to $645 from $625 at Truist

Truist raised the firm’s price target on Cintas to $645 from $625 and keeps a Buy rating on the shares. Truist cites the company having reported “strong” Q2 results and raised its earnings guidance, the analyst tells investors in a research note. Cintas should continue to benefit from moderating input costs, while the organic growth in its adjacent businesses has been “impressive”, the firm added, also stating that the stock’s premium valuation can be supported by its “business quality”.