RBC Capital lowered the firm’s price target on Cintas (CTAS) to $206 from $240 and keeps a Sector Perform rating on the shares after its Q1 results and guidance. Uniform Rentals demonstrated resilience despite broader employment-related concerns, while investments in Fire Protection and First Aid underscore the company’s longer-term double-digit growth ambitions, the analyst tells investors in a research note. RBC adds however that while solid execution and attractive growth opportunities bode well for the long term, the firm stays on the sidelines due to “near-term macroeconomic and investment-related headwinds”.
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