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Cintas price target adjusted to $200 from $730 at Jefferies

Jefferies revised the firm’s price target on Cintas to $200 from $730 and keeps a Hold rating on the shares, noting that the firm’s new target has been adjusted to reflect the company’s recent 4-for-1 stock split. Cintas reported “robust” fiscal Q1 results, beating consensus estimates “across the board” and management increased FY25 guidance, notes the analyst. While the firm thinks margins can “churn higher,” given tech investments, operating leverage, and accretive M&A, it remains on the sidelines given valuation, the analyst explained.

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