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BofA analyst Gary Bisbee raised Cintas Corp's (NYSE: CTAS) price target to 0 (implying an upside of 4.7%) from 3 and maintained a Neutral rating on the shares after the company reported Q1 results.
Bisbee said that organic CC same-days revenue rose a "healthy" 8.6% year-over-year, as it continues to comp the year-over-year declines seen at the start of the pandemic.
Bisbee noted that margins rose a little more than expected, which along with a lower tax rate drove a "healthy" EPS beat.
Morgan Stanley analyst Toni Kaplan lowered the price target to $365 (implying a downside of 4.5%) from $368 and maintained an Equal-Weight rating on the shares.
Price action: CTAS shares are trading lower by 1.53% at $383.32 on the last check Thursday.
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