Truist Lowers Cintas Price Target but Maintains Buy Rating Amid UniFirst Acquisition
On June 15, Truist cut its price target for Cintas Corporation (NASDAQ:CTAS) to $225 from $255 while maintaining a 'Buy' rating. The firm remains optimistic about the pending acquisition of UniFirst and highlighted strong strategic value in the deal despite ongoing stock overhang concerns.
Topics: Cintas Earnings guidance Truist analyst report UniFirst acquisition