Zacks Research Downgrades United Rentals (NYSE:URI) to Hold

Zacks Research has downgraded United Rentals (NYSE:URI) from a "strong-buy" to a "hold" rating, while the overall analyst consensus remains a "Moderate Buy" with an average price target of $1,230.88. The downgrade follows strong quarterly results where the company exceeded EPS and revenue estimates. Shares opened near the midpoint of their 52-week range, with institutional investors holding a significant stake, and an executive recently sold 1,500 shares.