Barclays analyst Adam Seiden raised the firm’s price target on United Rentals (URI) to $620 from $565 and keeps an Underweight rating on the shares as part of a Q2 preview for the machinery and construction group. The firm sees a high bar for the sector after a quarter of share outperformance. Investors are skewed away from aggregates and agriculture and more positive on machinery and construction, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on URI:
- URI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- United Rentals upgraded to Mixed from Negative view at BWG Global
- United Rentals price target raised to $856 from $666 at Bernstein
- United Rentals Secures $4.5 Billion Credit Agreement
- United Rentals price target raised to $950 from $920 at JPMorgan