Market ExpectationsAt these levels, the stock looks priced for perfect execution, economic growth, and insulation from exogenous or idiosyncratic shocks.
Stock DowngradePriced for further acceleration in EBIT growth, downgrade to Sell.
Valuation ConcernsCintas has re-rated to now a 43x FY2E P/E, well above any multiple in its history and screening as expensive across peers.