Credit Suisse analyst Jamie Cook initiated coverage of United Rentals with an Outperform rating and $544 price target. United is the largest rental construction equipment company in North America and has shifted its business model from just a rental equipment company to a total solutions provider, the analyst tells investors in a research note. The firm says the shift has provided the company the ability to consistently invest organically and inorganically, driving above-average sales growth as well as improved margins, cash flow, and returns through the cycle.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on URI:
- United Rentals price target raised to $475 from $360 at Argus
- United Rentals price target raised to $399 from $341 at Deutsche Bank
- United Rentals price target raised to $505 from $450 at Stifel
- United Rentals price target raised to $515 from $425 at KeyBanc
- United Rentals price target raised to $350 from $300 at Barclays