These Analysts Raise Their Forecasts On United Rentals After Q2 Results

United Rentals, Inc. URI reported upbeat financial results for its second quarter.

United Rentals posted adjusted earnings of $9.88 per share, beating market expectations of $9.01 per share. The company’s quarterly sales came in at $3.55 billion, versus estimates of $3.45 billion.

United Rentals shares fell 0.9% to close at $441.12 on Thursday, but added 0.1% in today’s pre-market trading session.

These analysts made changes to their price targets on United Rentals following earnings announcement.

• Keybanc boosted the price target on United Rentals from $520 to $525. Keybanc analyst Ken Newman maintained an Overweight rating.
• Baird increased the price target on United Rentals from $300 to $320. Baird analyst Mircea Dobre maintained an Underperform rating.

Check This Out: Top 5 Materials Stocks That Could Sink Your Portfolio For July