Baird Upgrades Cintas (CTAS) to Outperform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Nomura Securities Reiterates Buy as Cintas Corp. (CTAS) Announces G&K Services Acquisition
August 17, 2016 10:10 AM EDTNomura 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
UPDATE: Barclays Upgrades Cintas (CTAS) to Overweight
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
Cintas Corp. (CTAS) to Acquire G&K Services (GK) for $97.50/Share
August 16, 2016 8:32 AM EDT(Updated - August 16, 2016 8:32 AM EDT)
Cintas Corp. (NASDAQ: CTAS) and G&K Services, Inc. (Nasdaq: GK) today announced that they have entered into a definitive agreement under which Cintas will acquire all outstanding shares of G&K Services for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired net debt. The purchase price represents a premium of about 19 percent to the closing price per... More
