United Rentals Inc

URI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$736.00	Dwyj	Hkckhndmm

United Rentals Earnings: Solid Rental Demand Drives Good Performance

Dawit Woldemariam

Apr 25, 2024

Following United Rentals’ first-quarter earnings update, we have raised our fair value estimate to $563 per share from $538. The change is largely attributable to our increased near-term margin expectations. We have become more optimistic about the company’s prospects over the past couple of quarters. Demand has moderated from high levels but remains positive.

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