Cintas reinstated with a Buy, added to ‘US 1 List’ at BofA

BofA analyst Joshua Dennerlein reinstated coverage of Cintas (CTAS) with a Buy rating and $250 price target while also adding the stock to BofA Global Research’s “US 1 List.” The firm’s Buy rating is driven by the strength of the company’s network effects, its distinctive culture, its incentive pay structure, and the duration of EPS growth, says the analyst, who highlights that EPS has grown about about a 15% compound annual growth rate since 2015.