United Rentals price target raised to $786 from $732 at Truist

Truist raised the firm’s price target on United Rentals (URI) to $786 from $732 and keeps a Buy rating on the shares. The analyst cites the company’s Q1 earnings beat amid broad based strength in demand, the analyst tells investors in a research note. United Rentals also reiterated confidence in achieving a 50%-60% through cycle margin, and the firm continues to see the company as a safer haven in machinery with a very strong balance sheet sitting at 1.7 net leverage, Truist added.