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In a report published Wednesday, Morgan Stanley analyst Nicole DeBlase reiterated an Equal-Weight rating on
United RentalsURI, and raised the price target from $104.00 to $116.00.
In the report, Morgan Stanley noted, “URI is likely to deliver another EPS beat during 2Q, and with tailwinds of a US Non-Resi recovery and National Pump accretion, we would expect the stock to continue to grind higher. Our PT moves to $116 (from $104 previously).”
United Rentals closed on Tuesday at $106.28.
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