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Cintas price target raised to $220 from $213 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Cintas (CTAS) to $220 from $213 and keeps an Equal Weight rating on the shares. Organic revenue growth in the quarter and revenue guidance of 7.1% at the mid-point were ahead of the firm and consensus forecast, though EPS guidance of $4.78 at the mid-point was below the firm’s view and consensus, notes the analyst, who views continued strength as priced in.

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