- RBC Capital analyst Ashish Sabadra raised the Cintas Corp CTAS price target to $475 (an upside of 11.7%) from $450 and maintained an Outperform rating on the shares ahead of its Q2 results.
- Sabadra says the company should report an in-line quarter and reiterate guidance, while its revenue growth should continue to improve on a two-year stack driven by pricing increases, improved sales rep productivity, cross-selling to existing customers, and lower PPE headwinds.
- He further adds that the reopening benefits, particularly in the Hospitality & Healthcare verticals and Canadian business, bode well for Cintas' growth.
- Price Action: CTAS shares are trading lower by 2.07% at $425.75 on the last check Tuesday.
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