Exane BNP Paribas Downgrades United Rentals to Underperform, Announces $485 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Tom Burlton downgraded United Rentals (NYSE:URI) from Outperform to Underperform and set a price target of $485.

January 05, 2024 | 11:21 am
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United Rentals downgraded by Exane BNP Paribas from Outperform to Underperform with a new price target of $485.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target, while potentially lower than the current trading price, reflects the analyst's expectation of where the stock price may settle, influencing investor sentiment.
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