United Rentals price target lowered to $1,041 from $1,123 at RBC Capital

RBC Capital analyst Sabath Khan lowered the firm’s price target on United Rentals (URI) to $1,041 from $1,123 and keeps an Outperform rating on the shares. The company reported mixed Q4 results, with revenue growth being offset by continued margin pressures, the analyst tells investors in a research note. The demand backdrop remains relatively supportive on the back of larger projects, which is resulting in some margin pressure, the firm added.