JPMorgan raised the firm’s price target on United Rentals (URI) to $920 from $780 and keeps an Overweight rating on the shares following the company’s Specialty field trip. The firm left “incrementally confident” that Specialty, which represents 30% of rental revenue, “remains a key growth vector amid robust infrastructure project spend,” which should allow United Rentals to achieve double-digit Specialty revenue growth medium term. JPMorgan increased second half of 2025 estimates, saying “tariff-related nervousness has subsided from peak levels.”
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