StreetInsider.com News Articles

UBS Reiterates Buy Rating on Cintas (CTAS): 'We Like the UniFirst Acquisition'

Thu, 12 Mar 2026 10:25:45 -0400

UBS analyst Joshua Chan reiterated a Buy rating and $235.00 price target on Cintas (NASDAQ: CTAS).

The analyst commented, "We like the UniFirst acquisition for several reasons. First, it gives a Cintas management team that has excelled at extracting productivity a large canvas of opportunity comprising of a ~50% increase to its laundry facility count. Second, the valuation at ~16-17X (LTM EBITDA, no synergies) makes sense in light of CTAS stock trading at ~25X pre-deal and synergies projected to more than double UNF's EBITDA in four years (this creates 10%+ EBITDA CAGR over four years). Third, it shifts the narrative to

Cintas (CTAS) Reiterated at Hold by Stifel; Says Can Complete Deal without Divestitures

Thu, 12 Mar 2026 07:53:21 -0400

Stifel analyst Shlomo Rosenbaum reiterated a Hold rating and $222.00 price target on Cintas (NASDAQ: CTAS).

The analyst commented, "On Wednesday (3/11), CTAS announced it is acquiring UNF for $5.5B (or $310/share) in a 50/50 cash and stock deal, implying an 8x TTM EBITDA multiple on a fully-synergized basis. We believe the deal makes strategic and financial sense. CTAS is confident it can complete the deal without divestitures, though this isn’t a foregone conclusion and would depend on if the FTC would be willing to allow another large consolidation deal. We view this deal as a negative for VSTS."

For an analyst

Baird Upgrades Cintas (CTAS) to Outperform

Thu, 12 Mar 2026 07:30:05 -0400

(Updated - March 12, 2026 7:30 AM EDT)

Baird analyst Andrew Wittmann upgraded Cintas (NASDAQ: CTAS) from Neutral to Outperform with a price target of $250.00.

The analyst comments "Deal terms reached, upgrading to Outperform. This morning, CTAS announced a definitive agreement to acquire UNF for $310/share in cash/stock offer, representing an enterprise value of $5.5 billion. Note, this is above CTAS' original $275/share offering price and consistent with the $300-325/share terms we believe were likely to be reached, should a deal be consummated and where we noted we would be positively-inclined towards shares with solid accretion. Accordingly, we are upgrading CTAS

Baird Upgrades Cintas (CTAS) to Outperform

Thu, 12 Mar 2026 07:30:05 -0400

(Updated - March 12, 2026 7:30 AM EDT)

Baird analyst Andrew Wittmann upgraded Cintas (NASDAQ: CTAS) from Neutral to Outperform with a price target of $250.00.

Baird Upgrades Cintas (CTAS) to Outperform

Thu, 12 Mar 2026 07:30:05 -0400

(Updated - March 12, 2026 7:30 AM EDT)

Baird analyst Andrew Wittmann upgraded Cintas (NASDAQ: CTAS) from Neutral to Outperform with a price target of $250.00.

Baird Upgrades Cintas (CTAS) to Outperform

Thu, 12 Mar 2026 07:30:05 -0400

(Updated - March 12, 2026 7:30 AM EDT)

Baird analyst Andrew Wittmann upgraded Cintas (NASDAQ: CTAS) from Neutral to Outperform with a price target of $250.00.

Truist Securities Reiterates Buy Rating on Cintas (CTAS) amid UniFirst acquisition announcement

Wed, 11 Mar 2026 15:41:46 -0400

Truist Securities analyst Jasper Bibb reiterated a Buy rating and $255.00 price target on Cintas (NASDAQ: CTAS)

The analyst commented, "We view Cintas' acquisition of UniFirst (UNF, NR) today as a catalyst. Our updated merger model for the $310/share price (50/50 cash and stock) implies ~12% accretion in Year 4. Why does this deal work? (1) robust cost synergies with potential upside to targets; (2) more significant post-merger scale advantages; and (3) revenue synergy opportunities not included in targets. We recognize potential antitrust risks, but think for CTAS the attractiveness of the deal is worth it. Note that CTAS shares outperformed

Cintas Corp. (CTAS) call put ratio 2.9 calls to 1 put after acquires UniFirst (UNF) for $5.5B

Wed, 11 Mar 2026 10:50:44 -0400

Cintas Corp. (NASDAQ: CTAS) 30-day option implied volatility is at 33; compared to its 52-week range of 17 to 40. Call put ratio 2.9 calls to 1 put after acquires UniFirst (UNF) for $5.5B.

Form 425 CINTAS CORP Filed by: UNIFIRST CORP

Wed, 11 Mar 2026 08:44:00 -0400

si-local-file:///var/storage/secattach/20260311/26143272.html

Form 425 CINTAS CORP Filed by: UNIFIRST CORP

Wed, 11 Mar 2026 08:44:00 -0400

si-local-file:///var/storage/secattach/20260311/26143272.html

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):

“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

Wed, 11 Mar 2026 07:40:00 -0400

NEW YORK--(BUSINESS WIRE)-- Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS):
“This is the right transaction, at the right price, with the right partner. We are pleased with this outcome, which we believe maximizes value for all UniFirst shareholders. Over the past year, including during our recent proxy contest, we have engaged actively with

Form 8-K CINTAS CORP For: Mar 10

Wed, 11 Mar 2026 06:39:00 -0400
si-local-file:///var/storage/secattach/20260311/26142377.html

Form 8-K CINTAS CORP For: Mar 10

Wed, 11 Mar 2026 06:39:00 -0400
si-local-file:///var/storage/secattach/20260311/26142377.html

Cintas to acquire UniFirst for $5.5 billion in cash and stock deal

Wed, 11 Mar 2026 06:30:23 -0400

Cintas Corporation (NASDAQ: CTAS) announced it will acquire UniFirst Corporation (NYSE: UNF) for $310.00 per share in a transaction valued at approximately $5.5 billion.
Under the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share owned, based on Cintas' closing price of $200.77 on March 9, 2026. The transaction represents an enterprise value multiple of 8.0x run-rate trailing 12 months EBITDA.
Cintas expects to generate approximately $375 million in operating cost synergies within four years, including savings in material costs, production expenses, service expenses and selling, general and administrative expenses. The deal is

Cintas to acquire UniFirst for $5.5 billion in cash and stock deal

Wed, 11 Mar 2026 06:30:23 -0400

Cintas Corporation (NASDAQ: CTAS) announced it will acquire UniFirst Corporation (NYSE: UNF) for $310.00 per share in a transaction valued at approximately $5.5 billion.
Under the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share owned, based on Cintas' closing price of $200.77 on March 9, 2026. The transaction represents an enterprise value multiple of 8.0x run-rate trailing 12 months EBITDA.
Cintas expects to generate approximately $375 million in operating cost synergies within four years, including savings in material costs, production expenses, service expenses and selling, general and administrative expenses. The deal is

Cintas to acquire UniFirst for $5.5 billion in cash and stock deal

Wed, 11 Mar 2026 06:30:23 -0400

Cintas Corporation (NASDAQ: CTAS) announced it will acquire UniFirst Corporation (NYSE: UNF) for $310.00 per share in a transaction valued at approximately $5.5 billion.
Under the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share owned, based on Cintas' closing price of $200.77 on March 9, 2026. The transaction represents an enterprise value multiple of 8.0x run-rate trailing 12 months EBITDA.
Cintas expects to generate approximately $375 million in operating cost synergies within four years, including savings in material costs, production expenses, service expenses and selling, general and administrative expenses. The deal is

Cintas to acquire UniFirst for $5.5 billion in cash and stock deal

Wed, 11 Mar 2026 06:30:23 -0400

Cintas Corporation (NASDAQ: CTAS) announced it will acquire UniFirst Corporation (NYSE: UNF) for $310.00 per share in a transaction valued at approximately $5.5 billion.
Under the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share owned, based on Cintas' closing price of $200.77 on March 9, 2026. The transaction represents an enterprise value multiple of 8.0x run-rate trailing 12 months EBITDA.
Cintas expects to generate approximately $375 million in operating cost synergies within four years, including savings in material costs, production expenses, service expenses and selling, general and administrative expenses. The deal is

Cintas to acquire UniFirst for $5.5 billion in cash and stock deal

Wed, 11 Mar 2026 06:30:23 -0400

Cintas Corporation (NASDAQ: CTAS) announced it will acquire UniFirst Corporation (NYSE: UNF) for $310.00 per share in a transaction valued at approximately $5.5 billion.
Under the agreement, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share owned, based on Cintas' closing price of $200.77 on March 9, 2026. The transaction represents an enterprise value multiple of 8.0x run-rate trailing 12 months EBITDA.
Cintas expects to generate approximately $375 million in operating cost synergies within four years, including savings in material costs, production expenses, service expenses and selling, general and administrative expenses. The deal is