Cintas price target raised to $204 from $189 at Stifel

Stifel raised the firm’s price target on Cintas (CTAS) to $204 from $189 and keeps a Hold rating on the shares following Q3 results. The firm cites the recent selloff in the stock from recession concerns as the catalyst behind the reaction in Cintas shares after its quarterly report. A beat-and-slight-raise quarter from the company helped to alleviate these concerns as customer demand from Main Street America appears to be stable, at least so far, Stifel told investors in a research note.