Cintas Is A Good Long Term Holding, Thanks To Organic Growth: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Stifel analyst Shlomo H. Rosenbaum has reiterated a Hold rating on Cintas Corporation (CTAS), raising the price target to $526 from $521. CTAS reported Q1 FY24 revenue growth of 8% YoY to $2.34 billion, meeting analyst consensus. The organic revenue growth rate was 8.1% for the quarter. Rosenbaum is bullish on CTAS's growth and margin improvement, but believes the current valuation captures most of the near-term appreciation potential.
September 27, 2023 | 7:51 pm
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Stifel analyst Shlomo H. Rosenbaum has reiterated a Hold rating on Cintas Corporation (CTAS), raising the price target to $526 from $521. The analyst is bullish on CTAS's growth and margin improvement.
The analyst's reiteration of a Hold rating and increase in price target indicates a positive outlook for CTAS. However, the analyst also believes that the current valuation captures most of the near-term appreciation potential, suggesting that the stock price may not see significant growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100