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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:12 EDTUNF, CTASUniFirst, Cintas rally after reportedly dropping out of conference
Shares of UniFirst (UNF) and Cintas (CTAS) are moving higher after The Deal reported yesterday that both companies have dropped out of next week's Business Solutions conference held by Baird, according to Bloomberg. Cintas attributed its absence to travel problems while UniFirst confirmed it won't be going to the conference but declined further comment, Bloomberg cites The Deal as reporting. Cintas has a market capitalization over $7B while UniFirst's market cap is just above $2B, leading to speculation that Cintas may acquire UniFirst. Shares of UniFirst are up 5% to $113.90 in early trading while Cintas shares are up 3% to $60.86.
News For UNF;CTAS From The Last 14 Days
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September 17, 2014
15:18 EDTCTASNotable companies reporting after market close
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September 16, 2014
06:40 EDTCTASCintas volatility flat into Q1 and outlook
Cintas September call option implied volatility is at 20, October is at 19, January is at 17; compared to its 26-week average of 19 according to Track Data suggesting non-directional price movement into the expected release of Q1 results on September 17.
September 15, 2014
07:47 EDTCTASCintas price target raised to $75 from $70 at Jefferies
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