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CTAS

Cintas

$236.58

0.12 (0.05%)

, ARMK

Aramark

$34.51

0.11 (0.32%)

09:59
06/17/19
06/17
09:59
06/17/19
09:59

Cintas named new 'Bearish Fresh Pick' at Baird

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.

CTAS

Cintas

$236.58

0.12 (0.05%)

ARMK

Aramark

$34.51

0.11 (0.32%)

UNF

UniFirst

$167.69

-0.125 (-0.07%)

  • 26

    Jun

CTAS Cintas
$236.58

0.12 (0.05%)

12/21/18
BARD
12/21/18
NO CHANGE
Target $201
BARD
Outperform
Cintas Q2 results show no evidence of a slowdown, says Baird
Baird analyst Andrew Wittmann said Q2 results for Cintas were good and give no evidence of a slowdown. He noted full-year guidance was raised as organic growth was better than expected. The analyst said the results should quell any fears and the pullback offers a solid entry point for long-term investors. Wittmann reiterated his Outperform rating, but lowered his price target to $201 from $235, on Cintas shares.
01/03/19
BOFA
01/03/19
UPGRADE
BOFA
Buy
Cintas upgraded to Buy from Neutral at BofA/Merrill
01/03/19
01/03/19
UPGRADE

Buy
Cintas upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill upgraded Cintas to Buy from Neutral an increased its price target to $192 from $188. Analyst Gary Bisbee views the recent pullback in shares as a buying opportunity for this strong growth franchise with a record of earnings growth in the mid teens and business momentum that remains positive.
03/22/19
JPMS
03/22/19
NO CHANGE
Target $235
JPMS
Overweight
Cintas price target raised to $235 from $210 at JPMorgan
JPMorgan analyst Andrew Steinerman raised his price target for Cintas to $235 from $210 saying the company "remains well on the growth track" despite the Q3 "hiccup" due to weather. The analyst expects the stock to decline after last night's results, but remains bullish on Cintas given the company's "innovation, discipline, and market leadership." He keeps an Overweight rating on the name.
ARMK Aramark
$34.51

0.11 (0.32%)

02/11/19
02/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the recent rally in the shares as unwarranted as management's "much better-than-expected" fiscal 2019 financial guidance is "unrealistic." 2. Nvidia (NVDA) downgraded to Market Perform from Outperform at Bernsteinb with analyst Stacy Rasgon citing the company's "somewhat chilly guidance cut," which appears much more fundamentally demand-driven, with the question of the "true" run-rate of the gaming business remaining up in the air for now. 3. Aramark (ARMK) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the miss in fiscal Q1, "increased fundamental volatility" embedded in guidance, and greater underlying labor pressures. 4. Goodyear Tire (GT) was downgraded to Underperform from Neutral at Longbow and to Hold from Buy at Argus. 5. Allete (ALE) downgraded to Underperform from Neutral at Mizuho with analyst Paul Fremont lowering his price target for the shares to $72 from $74 citing "additional execution pressure on its remaining business segments following its decision to sell the U.S. Water Services business." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
NOMU
03/18/19
DOWNGRADE
Target $28
NOMU
Neutral
Aramark downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Dan Dolev downgraded Aramark to Neutral from Buy and cut his price target for the shares to $28 from $46. While the company's "significant scale" in North America should drive consistent 5%-plus organic growth, "execution mishaps and inability to win sufficient new business" resulted in just 2%-3% organic growth versus 7%-8% for main competitor Compass, Dolev tells investors in a research note titled "O Activist, Where Art Thou?"
03/18/19
03/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Hold from Buy at Needham with analyst Laura Martin citing three factors that she sees creating a "negative network effect," namely its strategic pivot toward privacy and encrypted messages, the growing risks of regulation and "horrific" events like those recently in New Zealand that hurt Facebook's brand and are difficult to block from the service at a 100% level. 2. Quest Diagnostics (DGX) downgraded to Neutral from Outperform at Credit Suisse. 3. Aramark (ARMK) downgraded to Neutral from Buy at Nomura Instinet with analyst Dan Dolev saying while the company's "significant scale" in North America should drive consistent 5%-plus organic growth, "execution mishaps and inability to win sufficient new business" resulted in just 2%-3% organic growth versus 7%-8% for main competitor Compass. 4. BioScrip (BIOS) downgraded to Equal Weight from Overweight at Stephens with analyst Dana Hambly saying the company "surprised the market" by announcing a merger with Option Care. 5. PVH Corp. (PVH) assumed with a Neutral from Buy at Citi with analyst Paul Lejuez saying while PVH has two brands with good global growth potential in Tommy Hilfiger and Calvin Klein, the company overall is still heavily dependent on the North America wholesale and outlet channels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/19
FBCO
05/30/19
NO CHANGE
FBCO
Aramark takeover interest highlights intrinsic value, says Credit Suisse
Credit Suisse analyst Kevin McVeigh finds the report of potential takeover interest in Aramark unsurprising given the company's recent miscues. He sees multiple value creation levers to drive the stock higher, including uniform rationalization and improved investor communication, and believes the report highlights Aramark's intrinsic value. McVeigh has an Outperform rating on the shares. Aramark is trading up 4% to $34.06 after Reuters reported that Mantle Ridge is looking into creating a consortium with private equity firms and sovereign wealth funds to make a bid for the company.
UNF UniFirst
$167.69

-0.125 (-0.07%)

06/29/18
BRRR
06/29/18
NO CHANGE
BRRR
Market Perform
UniFirst organic revenue slowed on more difficult comparison, says Barrington
Barrington analyst Kevin Steinke kept his Market Perform rating on UniFirst after its Q3 results, saying that while earnings and revenue topped expectations, organic sales growth slowed on more difficult comparison relative to last year. The analyst also points to cautious commentary from the management, warning about potential margin headwinds amid continued upward pressure on wages and fuel costs. Steinke says he would turn more constructive if the company could increase its operating leverage.

TODAY'S FREE FLY STORIES

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DuPont

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-0.65 (-0.88%)

, RDSMY

DSM

$0.00

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ATUS

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0.12 (0.41%)

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  • 23

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CHD

Church & Dwight

$71.23

-0.79 (-1.10%)

10:01
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  • 17

    Sep

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  • 06

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UNT

Unit Corp.

$4.08

0.76 (22.89%)

10:00
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  • 13

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WLL

Whiting Petroleum

$10.44

2.91 (38.65%)

10:00
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  • 08

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SEMG

SemGroup

$16.81

6.53 (63.52%)

10:00
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CI

Cigna

$160.67

-0.41 (-0.25%)

09:58
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Cigna management to meet with RBC Capital »

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  • 18

    Sep

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GM

General Motors

$37.76

-1.07 (-2.76%)

09:57
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Periodicals
General Motors, UAW restart talks as workers strike, Reuters reports »

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USIO

Usio

$2.23

(0.00%)

09:57
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Usio analyst commentary  »

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JPM

JPMorgan

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  • 15

    Oct

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MTNOY

MTN Group

09:55
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09:55
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Conference/Events
MTN Group management to meet with JPMorgan »

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  • 18

    Sep

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  • 20

    Sep

KR

Kroger

$25.93

-0.32 (-1.22%)

09:55
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MUR

Murphy Oil

, DO

Diamond Offshore

09:55
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MUR

Murphy Oil

DO

Diamond Offshore

RIG

Transocean

MRO

Marathon Oil

HAL

Halliburton

$21.87

1.605 (7.92%)

03/08/13
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  • 21

    Oct

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    Nov

ATRA

Atara Biotherapeutics

$14.61

-0.55 (-3.63%)

09:51
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09:51
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Atara Biotherapeutics rating change  »

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  • 16

    Sep

WBS

Webster Financial

$48.58

-0.71 (-1.44%)

09:50
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  • 17

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VST

Vistra Energy

09:48
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  • 17

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EYE

National Vision

$30.20

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ZYNE

Zynerba

$11.91

-0.27 (-2.22%)

09:47
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Zynerba initiated  »

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  • 24

    Sep

VNE

Veoneer

$17.68

-0.355 (-1.97%)

09:46
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  • 17

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ABR

Arbor Realty

$12.88

0.04 (0.31%)

09:45
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Conference/Events
Arbor Realty management to meet with JPMorgan »

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LHX

L3Harris Technologies

$211.04

3.42 (1.65%)

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General news
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UPS

UPS

$122.66

(0.00%)

09:43
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UPS management to meet with Loop Capital »

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  • 17

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ARWR

Arrowhead

$29.91

(0.00%)

09:42
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