BUZZ-Wells Fargo bullish on EquipmentShare, cites supply‑driven recovery

Reuters

02/18

BUZZ-<a href="https://laohu8.com/S/EOD">Wells Fargo</a> bullish on EquipmentShare, cites supply‑driven recovery

** Wells Fargo initiates construction tech firm EquipmentShare.com EQPT.O with an "overweight" rating; sets PT of $41

** Says construction machinery supply is tight, lead times for new equipment are rising and U.S. non-residential construction green shoots are emerging, positioning EQPT to benefit from fleet growth

** Adds that supply-driven recovery is broadening, with emerging visibility on demand-driven upside

** Says EQPT has grown from 133 to 352 sites in three years, applying a proven greenfield playbook systematically at each location

** Including session's moves, EQPT up 16.2% since its debut on January 23

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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