Cintas price target raised to $785 from $700 at BofA

BofA analyst Heather Balsky raised the firm’s price target on Cintas to $785 from $700 and keeps a Buy rating on the shares following what the firm calls a “healthy” fiscal Q3 EPS beat with “impressive incremental margins.” Organic growth remains above its 7% long-term target, benefitting from strong volumes, and the firm expects continued stock price appreciation as Cintas continues to deliver double-digit compounding EPS growth, the analyst tells investors.