United Rentals price target lowered to $482 from $544 at Credit Suisse

Credit Suisse analyst Jamie Cook lowered the firm’s price target on United Rentals to $482 from $544 and keeps an Outperform rating on the shares. United Rentals reported a Q1 beat on sales and EBITDA, and the Ahern deal, a drag through 2023, adds capacity and positions United Rentals to capitalize on macro resilient mega trends in the medium term, the analyst tells investors in a research note.