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Fly News Breaks for February 17, 2016
CTAS
Feb 17, 2016 | 08:05 EDT
Morgan Stanley analyst Denny Galindo downgraded Cintas to Underweight and lowered his price target to $79 from $93 on shares. The analyst the macro environment continues to deteriorate and uniform wearer growth has decelerated to 2.5% from 3.1% over the past 12 months. Galindo sees a number of company specific headwinds that could pressure shares that include energy client weakness, slowing inorganic growth, and increasing competition.
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