BofA Returns to Cintas (CTAS) Coverage, Highlighting Steady Industry Fundamentals

Cintas Corporation (NASDAQ:CTAS) is included among the 13 Best Performing Long Term Stocks to Invest in.

On February 17, BofA analyst Curtis Nagle reinstated coverage of Cintas Corporation (NASDAQ:CTAS). The analyst reiterated a Neutral rating and a $215 price target. The move came as the firm resumed coverage of 19 Information and Business Services stocks. The analyst said the firm is “generally constructive” on the group. It expects average revenue growth of 7%, EPS growth of 12%, and free cash flow growth of 11% in 2026. These projections reflect steady expectations for the sector’s overall performance.

On February 10, Bloomberg reported that UniFirst Corp. has entered early-stage acquisition talks with Cintas Corp. This follows Cintas renewing its takeover offer at $275 per share in December. The discussions come after several earlier attempts, including offers made in 2022 and 2025, which did not lead to meaningful negotiations. UniFirst’s board is currently reviewing the proposal with its advisers. The goal is to determine whether the offer aligns with shareholders’ interests. The talks are still at an early stage, and there is no agreement yet on price or timing. There is also no certainty that a deal will be completed.

Following the report, UniFirst shares moved higher in premarket trading. Even with the increase, the stock remained below the offer price. The company continues to be controlled by the Croatti family, whose dual-class share structure has allowed them to maintain control and resist activist efforts calling for a sale.

Cintas Corporation (NASDAQ:CTAS) develops and manages uniform programs built around fabric-based products. The company serves businesses of all sizes across the US, with additional operations in Canada and Latin America.

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