Cintas Stock Just Lost Its Rebound — Why CTAS Traders Are Watching the UniFirst Deal
Cintas shares closed Wednesday at $171.36, down 0.49%, after giving back gains from a 3.68% jump Monday. The stock lagged the S&P 500, which rose 1.1% the same day. Investors are watching Cintas’ pending $5.5 billion UniFirst acquisition and projected $375 million in cost synergies. Cintas reported fiscal Q3 revenue of $2.84 billion, up 8.9%, and raised its full-year outlook.