Truist lowered its price target on Cintas Corporation to $225 from $255 while reiterating a Buy rating. The firm said the reduction reflects a continued overhang on the stock but still sees strong strategic value in the proposed UniFirst acquisition, which Cintas expects to close in the second half of 2026. Cintas forecast fiscal 2026 revenue of $11.21 billion to $11.24 billion, representing total growth of 8.4% to 8.7%, and adjusted diluted earnings per share of $4.86 to $4.90, growth of 10.5% to 11.4%. The adjusted EPS guidance excludes one-time transaction-related costs tied to the UniFirst deal that are expected to reduce fiscal 2026 diluted EPS by about $0.03 to $0.04, with those expenses occurring in the fourth quarter. The guidance assumes constant foreign exchange rates, net interest expense of roughly $101 million, and an effective tax rate of 20%.
Cintas CorporationTruist reiterates Buy rating and highlights strong strategic value in UniFirst acquisition; guidance shows revenue and EPS growth.
Unifirst CorporationCintas's proposed acquisition of UniFirst is viewed as having strong strategic value, implying a positive outlook for UniFirst.
Truist Financial Corp