Wells Fargo upgrades Cintas to 'equal weight' rating

** Wells Fargo upgrades uniform rental firm Cintas Corporation CTAS to "equal weight" from "underweight" rating

** Brokerage expects CTAS to see greater market share gains from its peers, supported by the company's superior infrastructure, less unionized workforce, stronger balance sheet and more tenured management

** Wells Fargo says CTAS has shown more resilience to rising unemployment with its superior service levels and diversification

** "While tariffs have had a negative impact on CTAS' customers' confidence and hiring plans, the return of bonus depreciation via the Big, Beautiful Bill could be a tailwind as it promotes domestic investment and blue-collar job growth" - Wells Fargo

** Brokerage raises PT to $221 from $196, a ~12.8% upside on stock's last close

** Eight of 20 brokerages rate the stock "buy" or higher, nine "hold" and three "sell" or "strong sell"; their median PT is $221 - data compiled by LSEG

** As of last close, stock up ~22% YTD