BofA Securities Reinstates Cintas (CTAS) at Neutral

BofA Securities analyst Curtis Nagle reinstates coverage on Cintas (NASDAQ: CTAS) with a Neutral rating and a price target of $215.00.

The analyst commented: "We reinstate coverage of Cintas (CTAS) with a Neutral and $215 PO. Cintas is the leading provider of uniform rental and facility services in North America, generating ~77% of revs from this highly recurring, contract-driven segment. Near-term investments have pushed incremental margins from prior highs of 40-50% to ~27% in 2Q26, but we view these as strategic moves that position CTAS for long term efficiency gains and deeper cross-selling. We are constructive on CTAS’s consistent HSD organic growth, best-in-class execution and margin gains from tech upgrades and scale. But we think this is reflected in valuation with shares inline with the 5yr avg. and at an 80% premium to comps."

For an analyst ratings summary and ratings history on Cintas click here. For more ratings news on Cintas click here.

Shares of Cintas closed at $193.44 yesterday.

You May Also Be Interested In