Truist lowered the firm’s price target on United Rentals (URI) to $972 from $1,045 and keeps a Buy rating on the shares. The company’s Q4 adjusted EBITDA was flat y/y, weighed down by higher delivery costs largely due to fleet repositioning and continued strength in ancillary and other revenues, which was a 20bps drag on margins, the analyst tells investors in a research note.
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