Wells Fargo Maintains Equal-Weight Rating for Cintas: Here's What You Need To Know

Wells Fargo has decided to maintain its Equal-Weight rating of Cintas CTAS and raise its price target from $470.00 to $500.00.

Shares of Cintas are trading up 0.29% over the last 24 hours, at $495.92 per share.

A move to $500.00 would account for a 0.82% increase from the current share price.

About Cintas

Cintas is positioned as a one-stop-shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including but not limited to office attire, custom tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mat, mops, shop towels, hand sanitizers, and restroom supplies. In addition, Cintas' remaining business includes a first aid and safety services business, a fire protection services business, and a uniform direct sales business.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.