United Rentals price target raised to $122 from $105 at KeyBanc KeyBanc increased its price target on United Rentals as the firm expects the company to benefit from strong project activity in the Gulf Coast region. The firm thinks this trend is underappreciated by investors,. It keeps a Buy rating on the shares.
United Rentals price target lowered to $60 from $90 at Jefferies Jefferies analyst Justin Jordan lowered his estimates for United Rentals to reflect macro concerns and dropped his price target for the shares to $60 from $90. After testing three scenarios, including a U.S. recession in 2016-2017, Jordan believes United Rentals' leverage and liquidity can manage an economic downturn. He keeps a Buy rating on the stock.
United Rentals price target lowered to $52 from $78 at BofA/Merrill BofA/Merrill said United Rentals EBITDA could be down again in 2017 and expects shares to trade at the lower end of the historical range until rate momentum reaccelerates. As a result, the firm lowered its price target to $52 from $78 and maintains its Neutral rating on United Rentals shares.