Cintas Corporation to Acquire G&K Services
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August 17, 2016 10:10 AM EDT
Nomura Securities reiterated a Buy rating on Cintas (NASDAQ: CTAS), and raised the price target to $124.00 (from $107.00), following the company's announcement that it has signed a definitive agreement to acquire G&K Services for a total EV of $2.2bn.
Nomura commented, "Yesterday morning, CTAS announced... More
August 17, 2016 6:23 AM EDT
Baird upgraded Cintas (NASDAQ: CTAS) from Neutral to Outperform with a price target of $140.00 (from $111.00).
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 $112.99 yesterday.
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August 17, 2016 6:22 AM EDT
(Updated - August 17, 2016 11:43 AM EDT)
Barclays upgraded Cintas (NASDAQ: CTAS) from Equalweight to Overweight with a price target of $130.00 (from $110.00). Analyst Manav Patnaik thinks its agreement to acquire G&K makes a lot of sense.
"We have always viewed CTAS as a premium 'Industrials' idea given its strong CFs & consistent capital returns, but mainly because of its... More
August 16, 2016 8:37 AM EDT
G&K Services (NASDAQ: GK) reported Q4 EPS of $1.00, $0.05 better than the analyst estimate of $0.95. Revenue for the quarter came in at $258.5 million versus the consensus estimate of $257.8 million.
For earnings history and earnings-related data on G&K Services (GK) click here.
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