United Rentals price target lowered to $965 from $1,128 at Bernstein

Bernstein lowered the firm’s price target on United Rentals (URI) to $965 from $1,128 and keeps an Outperform rating on the shares. The firm notes the company reported Q4 EBITDA that was 2% below the Street and initiated a 2026 EBITDA guide that was 1% below the Street. With that said, the main focus on the day was the continued margin pressure across the organization that investors fear is not just cyclical, but also structural.