Baird analyst Andrew Wittmann raised the firm’s price target on Cintas to $750 from $660 and keeps an Outperform rating on the shares. The firm said they delivered another beat-and-raise quarter with strong gross margin gains and steady high single-digit organic growth. Additionally, surging free cash flow has supported a dividend hike, steady buybacks, organic investment, and uptick in blot-on accretive M&A.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTAS:
- Options Volatility and Implied Earnings Moves Today, March 27, 2024
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, March 26 – March 28, 2024
- CTAS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cintas has acquired Paris Uniform Services, no terms
