Jefferies initiates Cintas (CTAS +0.8%) at Buy with a $53 price target, representing an 18.5%...

|About: Cintas Corporation (CTAS)|By:, SA News Editor

Jefferies initiates Cintas (CTAS +0.8%) at Buy with a $53 price target, representing an 18.5% upside from Wednesday's close. Analyst Dan Dolev says the two "key longterm opportunities" for CTAS are "a ~$6B un-vended market opportunity" and the divestiture of the document shredding business which "could unlock value … and help avoid potential secular headwinds from paperless offices."