Bernstein upgrades United Rentals to 'market-perform'

ReutersMar 25, 2025 1:08 PM

Bernstein upgrades rating on equipment rental firm United Rentals URI.N to "market-perform" from "underperform"

"We underestimated the power of Specialty Rental, which has become an outsized contributor to growth in earnings, returns and multiple" - brokerage

But cuts PT to $666 from $705, still implying a 3% upside to stock's last close

A softer supply/demand environment will pressure company's general rentals segment's gross margins - Bernstein

11 of 23 brokerages rate URI "buy" or higher, 9 "hold" and 3 "sell" or lower; median PT is $782.50 - data compiled by LSEG

As of last close, stock down 8% YTD

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