Wells Fargo upgrades Cintas to 'equal weight' rating

Wells Fargo upgrades uniform rental firm Cintas Corporation CTAS.O 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