Cintas Analysts Raise Their Forecasts After Upbeat Q1 Earnings
Portfolio Pulse from Lisa Levin
Cintas Corporation reported better-than-expected Q1 earnings, leading to an increase in FY24 revenue and EPS outlook. Despite this, Cintas shares fell 5.3%. Analysts from Baird and Stifel raised their price targets on Cintas following the earnings announcement.
September 27, 2023 | 1:13 pm
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NEUTRAL IMPACT
Cintas reported strong Q1 earnings and raised its FY24 outlook. However, its shares fell 5.3%. Baird and Stifel analysts raised their price targets on the company.
Cintas reported better-than-expected Q1 earnings and raised its FY24 outlook, which is generally positive news. However, its shares fell 5.3%, indicating a mixed market reaction. The raised price targets by Baird and Stifel analysts suggest a positive outlook, but the overall impact is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100