Barclays Maintains Underweight on United Rentals, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adam Seiden has maintained an Underweight rating on United Rentals (NYSE:URI) but increased the price target from $325 to $400.

January 26, 2024 | 7:10 pm
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Barclays maintains an Underweight rating on United Rentals but raises the price target from $325 to $400.
While the Underweight rating suggests that Barclays analysts believe United Rentals may underperform the broader market or sector, the increase in the price target from $325 to $400 indicates a more positive outlook on the company's potential stock performance. This mixed signal could lead to a neutral short-term impact on the stock as the market digests the implications of the higher price target against the backdrop of an Underweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100