Citigroup Downgrades Cintas to Sell, Raises Price Target to $570
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Leo Carrington has downgraded Cintas (NASDAQ:CTAS) from Neutral to Sell, while raising the price target from $530 to $570.

May 24, 2024 | 12:17 pm
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Citigroup analyst Leo Carrington downgraded Cintas from Neutral to Sell, while raising the price target from $530 to $570.
The downgrade from Neutral to Sell suggests a negative outlook on Cintas' stock performance, which is likely to put downward pressure on the stock price in the short term. However, the raised price target to $570 indicates some underlying value, which may mitigate the negative impact.
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