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United Rentals price target raised to $900 from $895 at BofA

BofA raised the firm’s price target on United Rentals (URI) to $900 from $895 and keeps a Buy rating on the shares after the company reported what the firm describes as “a solid to slightly better than expected Q2.” On a macro level, the firm is “not super bullish on the construction cycle,” but on a micro level, United Rentals is compounding its industry leadership and continues to execute as peers cut guidance, the analyst added.

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