** Brokerages trim PT on equipment rental firm United Rentals URI.N due to margin pressure and increased capital expenditures
** Jefferies says United Rentals' margin outlook was cut due to higher equipment spending and delivery costs
** Truist notes that co's profitability remains under pressure due to continued growth in lower-margin ancillary services
** Co on Wednesday missed Q3 profit estimates
** However, Citi raise its PT to $1,140 from $1,130, citing strong forward demand for rental products as a key driver of growth
** 15 of 23 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell" ; their median PT is $1,022- data compiled by LSEG
** As of last close, shares up 31.6% YTD
Brokerages | New PT | Old PT | Upside from stock's last close |
Jefferies | $950 | $975 | 3.9% |
Truist | $1,169 | $1,194 | 27.9% |
RBC | $1,123 | $1,152 | 22.8% |
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))