Wells Fargo Maintains Equal-Weight on Cintas, Raises Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Seth Weber has maintained an Equal-Weight rating on Cintas (NASDAQ:CTAS) and raised the price target from $470 to $500.

July 14, 2023 | 2:27 pm
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Wells Fargo has maintained an Equal-Weight rating on Cintas and raised the price target from $470 to $500, which could potentially lead to an increase in the stock's price.
The raised price target by Wells Fargo indicates a positive outlook for Cintas. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at current levels. However, the Equal-Weight rating indicates that the stock is expected to perform in line with the sector or the market, which could limit the potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100