These Analysts Raise Their Forecasts On United Rentals After Q2 Results
Portfolio Pulse from Lisa Levin
United Rentals, Inc. (NYSE:URI) reported Q2 earnings of $9.88 per share, beating market expectations of $9.01 per share. The company's quarterly sales were $3.55 billion, higher than estimates of $3.45 billion. Despite this, United Rentals shares fell 0.9% to close at $441.12 on Thursday. Post earnings announcement, Keybanc and Baird analysts raised their price targets on United Rentals.
July 28, 2023 | 11:42 am
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United Rentals reported better than expected Q2 results, leading to raised price targets by Keybanc and Baird analysts. However, the stock fell 0.9% to close at $441.12 on Thursday.
Despite reporting better than expected Q2 results, United Rentals' stock fell. This could be due to a variety of factors not mentioned in the article, such as overall market conditions or investor sentiment. The raised price targets by analysts indicate a positive outlook for the company, but the immediate impact on the stock price was negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100