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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URI:
- United Rentals price target lowered to $970 from $1,050 at Baird
- United Rentals price target lowered to $950 from $1,000 at KeyBanc
- United Rentals price target lowered to $1,041 from $1,123 at RBC Capital
- United Rentals price target lowered to $965 from $1,128 at Bernstein
- United Rentals price target lowered to $970 from $1,150 at JPMorgan