RBC Capital lowered the firm’s price target on United Rentals (URI) to $1,123 from $1,152 and keeps an Outperform rating on the shares. The company reported mixed Q3 results, with revenue growth being offset by continued margin pressures, though ultimately, the firm expects the margin drag from higher megaproject-related delivery costs to be transitory, the analyst tells investors in a research note.
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Read More on URI:
- United Rentals price target lowered to $1,169 from $1,194 at Truist
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