** Bernstein upgrades rating on equipment rental firm United Rentals URI.N to "market-perform" from "underperform"
** "We underestimated the power of Specialty Rental, which has become an outsized contributor to growth in earnings, returns and multiple" - brokerage
** But cuts PT to $666 from $705, still implying a 3% upside to stock's last close
** A softer supply/demand environment will pressure company's general rentals segment's gross margins - Bernstein
** 11 of 23 brokerages rate URI "buy" or higher, 9 "hold" and 3 "sell" or lower; median PT is $782.50 - data compiled by LSEG
** As of last close, stock down 8% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.