On August 4, United Rentals rose 3.29% in regular trading, trading at $1115.29/share, with turnover of $207 million.

On the news front, the company's Q2 results significantly exceeded market expectations, prompting a wave of analyst upgrades. United Rentals reported Q2 adjusted EPS of $12.76, beating the consensus estimate of $11.53 by 10.67% and representing a 21.87% year-over-year increase. Revenue reached $4.41 billion versus the $4.21 billion estimate, up from $3.94 billion a year earlier. The company also raised its full-year fiscal revenue outlook to $17.5 billion-$17.8 billion, above the prior range of $16.9 billion-$17.4 billion and the analyst estimate of $17.27 billion.

Following the earnings release, Morgan Stanley raised its price target to $1,335, citing continued re-rating potential driven by cost management, mega project exposure, specialty rental growth, and possible investment-grade credit upgrade. UBS lifted its target to $1,350 maintaining Buy, while BofA Securities raised to $1,300 and CICC adjusted to $1,187 maintaining Outperform.

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