Cintas price target lowered to $184 from $191 at Wells Fargo

Wells Fargo analyst Jason Haas lowered the firm’s price target on Cintas (CTAS) to $184 from $191 and keeps an Underweight rating on the shares. Cintas reported Q2 organic growth below Street estimates and lowered its FY25 organic growth guide, the analyst tells investors. While margins remain strong, Wells is cautious on the more challenging pricing environment and sees more upside elsewhere in its coverage.