Morgan Stanley (NYSE: MS) Lowers Estimates on Cintas (NASDA: CTAS)

Morgan Stanley (NYSE: MS) Lowers Estimates on Cintas (NASDA: CTAS)

Morgan Stanley (NYSE: MS) analysts lowered their estimates on shares of Cintas (NASDAQ: CTAS) through 2013 saying that the company is facing increased competition. The analysts maintained an “equal weight” rating and a $27.00 price target in a research note to investors on Monday.

Cintas Corporation (Cintas) provides highly specialized products and services to businesses of all types throughout the United States, Latin America, Europe and Asia. The Company operates in four segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, First Aid, Safety and Fire Protection Services, and Document Management Services. As of May 31, 2010, the Company provided products and services to approximately 800,000 businesses. As of May 31, 2010, Cintas had approximately 7,700 local delivery routes, 418 operations and eight distribution centers.

Shares of CTAS traded up 0.58% hitting $25.99 during mid-day trading on Monday.

This article (Morgan Stanley (NYSE: MS) Lowers Estimates on Cintas (NASDA: CTAS)) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.