BofA initiated coverage of Sunbelt Rentals (SUNB) with an Underperform rating and $62 price target The firm sees downside risk to the company’s consensus estimates from “lower for longer” revenue growth, limited momentum in rates and margin erosion. Potential for a non-residential recovery could be overdone in Sunbelt shares as long-term rates remain elevated and tariff policies remain unclear, the analyst tells investors in a research note.
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