Truist raised the firm’s price target on United Rentals (URI) to $1,209 from $972 and keeps a Buy rating on the shares. The firm cites the company’s Q1 beat on revenue, rental revenue, adjusted EBITDA, and EPS, also stating the company continues to benefit from growth in construction and infrastructure markets, the analyst tells investors in a research note. Truist adds that fleet productivity surprised on the upside, up 2.3% with rate a positive contributor, while utilization remains strong at high levels.
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