Cintas price target lowered to $190 from $222 at Stifel

Stifel analyst Shlomo Rosenbaum lowered the firm’s price target on Cintas (CTAS) to $190 from $222 and keeps a Hold rating on the shares. While stating there continues to be positive momentum in the business and making “only modest tweaks” to the firm’s model, Stifel is lowering its target price to reflect the pullback in market valuations in general.