JP Morgan Maintains Overweight on Cintas, Raises Price Target to $640
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrew Steinerman has maintained an Overweight rating on Cintas (NASDAQ:CTAS) and increased the price target from $540 to $640.
December 22, 2023 | 2:41 pm
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JP Morgan analyst Andrew Steinerman reaffirmed an Overweight rating on Cintas and raised the price target from $540 to $640, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Andrew Steinerman suggests a strong conviction in Cintas's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100