URI - United Rentals falls amid M Science note on rates stabilizing in mid April

2023-04-21 12:33:54 ET

• United Rentals ( NYSE: URI ) dropped 1.8% amid a note that rates have begun to stabilize in mid April.
• General rates have begun to stabilize in mid April across Sunbelt and United Rentals ( URI ), M Science said in a note on Friday.
• United Rentals ( URI ) is set to report Q1 results on Thursday.
• Late last month Caterpillar ( CAT ) and United Rentals ( URI ) were downgraded to underperform at Baird, which said the the companies this year will likely face a “m eaningful slowdown” in building activity amid concerns about the health of regional banks after the Silicon Valley Bank failure. Baird lowered its price target on United Rentals ( URI ) to $300 a share from $425.
• Caterpillar ( CAT ) fell 1.2% in trading on Friday.
• Also see SA contributor Yannick Frey's piece from earlier Friday entitled "United Rentals: Strong Outlook, And First Quarterly Dividend."

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