Barclays Maintains Overweight on Cintas, Adjusts Price Target To $210 (4:1 forward stock split)
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Manav Patnaik maintains an Overweight rating on Cintas (NASDAQ:CTAS) and adjusts the price target to $210 from $850 due to a 4:1 forward stock split.
September 13, 2024 | 4:16 pm
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Barclays has maintained its Overweight rating on Cintas and adjusted the price target to $210 from $850, reflecting a 4:1 forward stock split. This indicates continued confidence in Cintas' performance.
The adjustment in the price target from $850 to $210 is due to a 4:1 forward stock split, which is a technical adjustment and not a change in the valuation. The maintained Overweight rating suggests that Barclays continues to see positive prospects for Cintas, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100