Wells Fargo Maintains Overweight on United Rentals, Raises Price Target to $710
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Seth Weber has maintained an Overweight rating on United Rentals (NYSE:URI) and increased the price target from $630 to $710.
January 26, 2024 | 2:12 pm
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Wells Fargo analyst Seth Weber has reaffirmed an Overweight rating on United Rentals and raised the price target to $710, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Seth Weber suggests a strong conviction in the future performance of United Rentals. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment is influenced by analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100