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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Read More on URI:
- United Rentals Raises 2025 Guidance Amid Strong Q2 Results
- United Rentals reports Q2 adjusted EPS $10.47, consensus $10.54
- United Rentals raises planned 2025 share buybacks by $400M to $1.9B
- United Rentals narrows FY25 revenue view to $15.8B-$16.1B from $15.6B-$16.1B
- United Rentals price target raised to $620 from $565 at Barclays