Goldman Sachs analyst Jerry Revich raised the firm’s price target on United Rentals to $436 from $380 and keeps a Buy rating on the shares. The company’s Q4 earnings were "constructive" with stronger price-to-cost and tight near-term supply-demand, the analyst tells investors in a research note. The firm believes that United Rentals is positioned to grow earnings power on cycle over cycle basis amid rising construction equipment field population due to limited labor availability and given the company’s logistics cost advantage vs. fragmented players.
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- United Rentals price target raised to $425 from $375 at Baird
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