McGrath RentCorp price target raised to $124 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on McGrath RentCorp (MGRC) to $124 from $120 and keeps an Outperform rating on the shares. McGrath’s Q3 rental revenue, total revenue, and adjusted EBITDA topped the firm’s estimates, and Mobile Modular segment rental revenue growth was “impressive” at 9%, the analyst tells investors in a research note.