United Rentals Maintains 'Outperform' Rating from Royal Bank of Canada with Target Price of $1,323

United Rentals (NYSE:URI) has maintained its 'outperform' rating from Royal Bank of Canada, according to a recent report. The bank has set a target price of $1,323 for the construction company's stock.

This suggests a potential upside of 30.13% from URI's current price. Several other analysts have weighed in on United Rentals recently, with Barclays boosting their price objective and Weiss Ratings raising their rating.

However, some analysts remain cautious, including Wall Street Zen, which downgraded shares to a 'hold' rating. As for the company itself, United Rentals reported strong quarterly earnings last month, beating estimates and posting revenue growth of 11.8% year-over-year.