United Rentals shares up; Truist raises PT on strong rental rates

Truist Financial

08/10/2025 15:50

** Shares of equipment rental firm United Rentals URI.N up nearly 1% at $996

** Brokerage Truist raises PT on URI to $1,194 from $952, reiterates "buy" rating

** New PT represents a premium of 20.8% from stock's last close

** URI looks incrementally stronger heading into 2026, with solid rental rates and fleet productivity, brokerage says

** Despite softness in construction, the company sees growing optimism from customers, with infrastructure, industrial and non-residential markets driving demand - Truist

** 14 of 23 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; median PT is $975 - data compiled by LSEG

** Including session moves, shares up 41.2% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))