Citigroup Maintains Neutral on Cintas, Lowers Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Leo Carrington maintains a Neutral rating on Cintas (NASDAQ:CTAS) and lowers the price target from $550 to $530.
October 04, 2023 | 3:52 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Cintas and lowered the price target from $550 to $530.
The news is directly about Cintas. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the lowering of the price target could potentially have a slight negative impact, as it suggests that Citigroup believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100