Baird analyst Andrew Wittmann said in a note to investors before the open that his uniform rental survey for the second quarter showed that strong textile rental trends continue and he believes uniform fundamentals remain solid. Despite the positive outlook on stocks in the sector, Wittmann said he would lighten Cintas (CTAS) positions into earnings and named the stock a new "Fresh Pick-Bearish," noting its shares are already trading above his price target and that initial FY20 guidance will be issued by management with a "historically conservative" approach. Wittman keeps Outperform ratings on Cintas, Aramark (ARMK) and UniFirst (UNF) and said he remains positive on the latter two stock.