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Fly News Breaks for August 10, 2018
CTAS
Aug 10, 2018 | 08:33 EDT
Credit Suisse analyst Kevin McVeigh initiated shares of Cintas with a Neutral rating and $205 price target, telling investors in a research note that while Cintas is "the clear leader" in uniforms with impressive MSD-HSD growth, this is "more than reflected" in the stock price. Additionally, McVeigh says that given the current small business hiring environment that is moderating on tight supply and his late-cycle view, he does not see an attractive risk/reward at current levels.
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