Baird Maintains Underperform on United Rentals, Raises Price Target to $559
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Mircea Dobre has maintained an Underperform rating on United Rentals (NYSE:URI) but increased the price target from $322 to $559. The reasons behind the price target change were not detailed in the article.

January 26, 2024 | 8:23 pm
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Baird analyst reaffirms Underperform rating on United Rentals but raises price target significantly from $322 to $559.
While the Underperform rating suggests a bearish outlook on the stock, the substantial increase in the price target could indicate a change in the company's valuation or market conditions. The lack of context for the price target increase makes the short-term impact neutral, as it may confuse investors about the company's prospects.
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IMPORTANCE 75
RELEVANCE 100