- United Rentals (URI +1.7%) rides an upgrade from Goldman Sachs higher. The brokerage said U.S. construction equipment supply has peaked and rental rates are likely to bottom in coming quarters.
- The firm think rental rates are likely to bottom out soon before heading higher.
- The Goldman analysts team lifts URI to Buy from Neutral and hikes the price target to $165 from $128. The average sell-side PT is $160.67.
Goldman Sachs expects breakout for United Rentals
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About URI Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| URI | - | - |
| United Rentals, Inc. | ||