KeyBanc Upgrades Cintas (CTAS) to Overweight

KeyBanc upgraded Cintas (NASDAQ: CTAS) from Sector Weight to Overweight with a price target of $106.00. Analyst Joe Box thinks facility services is accelerating.

"We are upgrading Cintas (CTAS) to Overweight and introducing a $106 PT as we believe that its expanding Facility Services portfolio is gaining more traction, which could produce greater than expected organic growth/EPS. Moreover, we believe the market has largely benchmarked and valued CTAS off historical uniform fundamentals, which may now be less relevant," said Box.

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 $89.83 yesterday.

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