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

Wells Fargo raised the firm’s price target on Cintas to $191 from $184 and keeps an Underweight rating on the shares. The firm notes Cintas reported Q1 revenue and EPS above the Street and raised its FY25 outlook, which still looks conservative especially on margins. Though results were strong, Wells continues to view shares as expensive and sees more upside elsewhere in its coverage.