Barclays lifts United Rentals PT on potential of machinery, construction sectors

United Rentals

21/07/2025 12:32

** Barclays lifts PT on equipment rental firm United Rentals URI.N to $620 from $565, a downside of 23.3% from the stock's last close

** Rating maintained at 'underweight'

** Brokerage says that looking ahead to 2025, the company projects easing supply chain constraints, declining rental rates, and normalization of used equipment values

** Says there is growing confidence among investors about the long-term potential of machinery and construction sectors

** But adds co's fleet productivity showing signs of weakness in 2025

     ** 12 of 23 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is $769 - data compiled by LSEG

** As of last close, stock had risen 14.7% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))