Wells Fargo analyst Jerry Revich initiated coverage of United Rentals (URI) with an Overweight rating and $995 price target Due to slow growth backdrop, the firm also prefers the construction machinery stocks over engineering Services due to a favorable supply setup in machinery. Wells initiated 22 stocks in the machinery, industrials and environmental services group with Cummins (CMI), Herc Holdings (HRI) and WM (WM) top picks. Wells favors “unit profitability growth compounders” like United Rentals.
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