UBS Downgrades United Rentals to Neutral, Raises Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Steven Fisher has downgraded United Rentals (NYSE:URI) from Buy to Neutral while increasing the price target from $504 to $525.
December 05, 2023 | 12:56 pm
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NEUTRAL IMPACT
United Rentals downgraded by UBS from Buy to Neutral, with a raised price target from $504 to $525.
The downgrade to Neutral suggests that UBS sees limited upside potential for United Rentals, which could temper investor enthusiasm in the short term. However, the increase in the price target to $525 indicates a positive view on the company's value, which might balance out the negative impact of the downgrade. The net effect on the stock price could be neutral as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100