Cintas price target raised to $660 from $540 at Baird

Baird analyst Andrew Wittmann raised the firm’s price target on Cintas to $660 from $540 and keeps an Outperform rating on the shares. The firm admits the shares are expensive, but they are confident in the company’s’ growth potential, very high returns, and fewer concerns than many about the macro’s potential negative impact especially the labor market,on the shares.