Truist raised the firm’s price target on United Rentals to $873 from $785 and keeps a Buy rating on the shares after its Q2 earnings beat. Despite market concerns on macro and pockets of weakness in non-residential construction, the company’s business model is proving more resilient helped by continued strength in mega and investment in the specialty, the analyst tells investors in a research note.
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Read More on URI:
- United Rentals Shares Future Financial Outlook and Insights
- United Rentals narrows FY24 revenue view to $15.05B-$15.35B from $14.95B-$15.45B
- United Rentals reports Q2 adjusted EPS $10.70, consensus $10.54
- United Rentals options imply 5.0% move in share price post-earnings
- Notable companies reporting after market close
