Angel Castillo, an analyst from Morgan Stanley, maintained the Buy rating on United Rentals (URI – Research Report). The associated price target remains the same with $702.00.
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Angel Castillo has given his Buy rating due to a combination of factors that highlight United Rentals’ strategic positioning and growth potential. The company’s focus on expanding its Specialty Rental segment is a key component of its market strategy, providing a unique competitive advantage as a one-stop shop. This approach has enabled United Rentals to penetrate new markets and increase its market share in existing ones.
Moreover, United Rentals’ commitment to its $7 billion revenue target for 2028 underscores its confidence in the growth trajectory of its Specialty segment. The company’s ability to offer a wide range of rental solutions has allowed it to secure business opportunities that more narrowly focused competitors have missed. By enhancing its Specialty capabilities, United Rentals is poised to unlock additional growth opportunities and expand its total addressable market, further justifying the Buy rating.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $920.00 price target.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of URI in relation to earlier this year.
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