- Citi adds United Rentals (NYSE:URI) to the firm's focus list.
- "We think URI still offers compelling risk/reward based on our $160 price target. High Vol Discount —The premium of low-vol names is at a multi-decade high and may prove unsustainable, with URI screening well on this front. As an example, URI now sits -30% off of its 52 week high while its closest public comp Ashtead is -8% off from its 52 week high," updates the Citi analyst team.
- Citi has a Buy rating on URI and price target of $160 vs. the sell-side consensus Outperform rating and consensus PT of $157.73.
- Shares of URI are down 0.39% premarket to $123.57.