Citigroup Downgrades Cintas to Neutral, Raises Price Target to $550
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Leo Carrington has downgraded Cintas (NASDAQ:CTAS) from Buy to Neutral, while raising the price target from $540 to $550.
July 24, 2023 | 11:15 am
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NEUTRAL IMPACT
Cintas has been downgraded to Neutral from Buy by Citigroup, but the price target has been raised to $550.
The downgrade to Neutral suggests that Citigroup sees limited upside potential for Cintas in the near term. However, the raised price target indicates that they still see some growth potential. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100