RBC Capital Maintains Outperform on Cintas, Raises Price Target to $645
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ashish Sabadra has reaffirmed an Outperform rating on Cintas (NASDAQ:CTAS) and increased the price target from $525 to $645.
December 22, 2023 | 2:06 pm
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POSITIVE IMPACT
RBC Capital analyst Ashish Sabadra maintains a positive outlook on Cintas, raising the price target to $645, which may lead to increased investor confidence and a potential rise in stock price.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can often result in increased investor confidence and a positive short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100