KeyBanc last night upgraded United Rentals (URI) to Overweight from Sector Weight with an $865 price target following the Specialty Rental analyst day. The company showcased its ability to drive “outsized” market share gains through leveraging the scale of its “industry-leading” fleet size and its “differentiated” one-stop-shop portfolio, including high-value niche Specialty offerings, the analyst tells investors in a research note. The firm views the recent pullbacks in shares as an attractive entry point for investors looking for a “high-quality name that can better navigate ongoing macro uncertainty, while also being well positioned to take advantage of an eventual cycle inflection.”
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Read More on URI:
- United Rentals upgraded to Overweight from Sector Weight at KeyBanc
- United Rentals’ Strategic Expansion in Specialty Rentals Justifies Hold Rating Amid Market Challenges
- United Rentals’ Strategic Expansion and Growth Potential Justifies Buy Rating
- United Rentals price target raised to $920 from $780 at JPMorgan
- United Rentals upgraded to Neutral from Sell at UBS
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