Citi analyst Kyle Menges raised the firm’s price target on United Rentals (URI) to $985 from $955 and keeps a Buy rating on the shares. The firm updated estimates, price targets, and ratings to coincide with its 2025 machinery outlook. Citi’s top picks include companies for which it has the highest degree of confidence in long-term earnings growth and/or self-help catalysts. It thinks caution is warranted heading into 2025, saying moderating inflation is not necessarily good for machinery.
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- United Rentals price target raised to $698 from $559 at Bernstein
- United Rentals price target raised to $565 from $400 at Barclays
- United Rentals price target raised to $955 from $930 at Citi
- United Rentals price target raised to $658 from $650 at Baird
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