BofA Returns to Cintas with $215 Target as UniFirst Opens $275 Acquisition Talks
On Feb 17, BofA reinstated coverage of Cintas with a Neutral rating and $215 price target, forecasting 7% revenue, 12% EPS and 11% free cash flow growth in 2026. UniFirst has entered early-stage talks to acquire Cintas after its $275-per-share offer was renewed in December, with no agreement yet.
1. BofA Reinstates Coverage
On February 17, BofA analyst Curtis Nagle reinstated coverage of Cintas with a Neutral rating and $215 price target, signaling confidence in the company’s steady market position within uniforms and facility services.
2. 2026 Growth Projections
The analyst expects average revenue growth of 7%, EPS expansion of 12% and free cash flow growth of 11% in 2026 for the group, reflecting stable demand trends and operational efficiency across the industry.
3. UniFirst Acquisition Talks
UniFirst Corp. has entered early-stage discussions to acquire Cintas after Cintas renewed its $275-per-share offer in December. UniFirst’s board is reviewing the proposal with advisers, but there is no agreement on price or timing and no certainty of a deal.