BNP Paribas Exane Upgrades United Rentals (URI) to Neutral

BNP Paribas Exane analyst Tom Burlton upgraded United Rentals (NYSE: URI) from Underperform to Neutral with a price target of $900.00 (from $592.00).

The analyst comments: "We take a more positive view of the equipment rental companies into late '25 and beyond. We think the next leg of United Rentals (URI) EPS upcycle will be supported by a US economy running it hot in '26, as the OBBB incentivises investment. AI/hyperscaler growth underpins a runway of mega projects, and Fed rate cuts inject life into a depressed local construction market. We upgrade URI to Neutral."

For an analyst ratings summary and ratings history on United Rentals click here. For more ratings news on United Rentals click here.

Shares of United Rentals closed at $947.90 yesterday.

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