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Fly News Breaks for August 18, 2016
CTAS
Aug 18, 2016 | 08:13 EDT
After Cintas agreed to buy competitor G&K Services, RBC Capital analyst Gary Bisbee says that G&K is "a good strategic fit" for Cintas. Bisbee says that the deal will increase Cintas' growth potential and "should be as much as 20% accretive over the next several years." He raised his price target on the shares to $113 from $94 and keeps a Sector Perform rating on the stock.
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