KeyBanc raised the firm’s price target on United Rentals (URI) to $960 from $865 and keeps an Overweight rating on the shares. The firm notes shares outperformed following the Q2 beat and full-year guidance raise. Equipment rental revenue was above both consensus and KeyBanc’s estimate driven by strong Specialty growth of 14% year-over-year, with management noting that Specialty and large mega-projects continue to drive strong results.
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