Cintas upgraded to Neutral from Sell at Rothschild & Co Redburn

Rothschild & Co Redburn analyst Oliver Davies upgraded Cintas (CTAS) to Neutral from Sell with a price target of $184, up from $177. The firm still sees a “small risk” to consensus expectations in fiscal 2026 and 2027. However, the de-rating of the shares limits further downside, the analyst tells investors in a research note. Rothschild views Cintas as a “high-quality compounder” with incremental returns on capital north of 50%.