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Analysts Offer Insights on Industrial Goods Companies: United Rentals (URI) and Otis Worldwide (OTIS)

Tipranks - Tue Apr 14, 5:14AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on United Rentals (URI) and Otis Worldwide (OTIS) with bullish sentiments.

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United Rentals (URI)

In a report issued on April 10, Kyle Menges from Citi maintained a Buy rating on United Rentals, with a price target of $950.00. The company’s shares closed last Friday at $771.93.

According to TipRanks.com, Menges is a 5-star analyst with an average return of 19.4% and a 65.5% success rate. Menges covers the Industrial Goods sector, focusing on stocks such as WillScot Mobile Mini Holdings, EquipmentShare.com, Inc., and Timken Company. ;'>

Currently, the analyst consensus on United Rentals is a Strong Buy with an average price target of $928.10, a 20.8% upside from current levels. In a report issued on April 10, J.P. Morgan also maintained a Buy rating on the stock with a $850.00 price target.

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Otis Worldwide (OTIS)

Otis Worldwide received a Buy rating and a $100.00 price target from Evercore ISI analyst Alexander Virgo today. The company’s shares closed last Friday at $79.95.

According to TipRanks.com, Virgo is a 3-star analyst with an average return of 5.9% and a 55.8% success rate. Virgo covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Rockwell Automation. ;'>

Otis Worldwide has an analyst consensus of Hold, with a price target consensus of $97.86, implying a 20.2% upside from current levels. In a report issued on March 29, TipRanks – PerPlexity also upgraded the stock to Buy with a $84.00 price target.

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