Goldman Sachs Upgrades Sunbelt Rentals (SUNB) to Buy

Goldman Sachs analyst Suhasini Varanasi upgraded Sunbelt Rentals (NYSE: SUNB) from Neutral to Buy with a price target of $93.00.

The analyst comments "We upgrade Sunbelt to Buy from Neutral with a revised 12-month price target of US$93, implying c.29% upside, following strong 1Q results where the company delivered results ahead of consensus and raised its FY outlook. Looking ahead, we see scope for the company to deliver strong top-line growth (we forecast c.10% organic rental revenue growth in FY27) and margin recovery, which should drive double-digit EPS growth and a share price re-rating, in our view. We do not believe that this improvement is fully reected in the current valuation."

For an analyst ratings summary and ratings history on Sunbelt Rentals click here. For more ratings news on Sunbelt Rentals click here.

Shares of Sunbelt Rentals closed at $71.89 yesterday.

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