Barclays Begins Coverage on Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB)

Key Points

• Barclays initiated coverage on Sunbelt Rentals (NYSE:SUNB) with an "overweight" rating.
• Multiple firms also began coverage — including Goldman Sachs ("buy", $83 target), BNP Paribas Exane ("outperform") and JPMorgan ("neutral", $78 target) — producing a consensus Moderate Buy and an average price target of $80.50.
• SUNB opened at $75.84, trading near its one‑year high of $76.77 (one‑year low $68.67); the company is a large equipment rental provider serving construction, industrial, infrastructure and specialty markets.

Stock analysts at Barclays started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) in a research note issued on Tuesday. The firm set an "overweight" rating on the stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, March 5th. They issued a "neutral" rating and a $78.00 target price on the stock. BNP Paribas Exane began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday. They set an "outperform" rating on the stock. Weiss Ratings initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday. They issued a "buy (b)" rating for the company. Finally, The Goldman Sachs Group began coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday. They set a "buy" rating and a $83.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.50.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $75.84 on Tuesday. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $68.67 and a one year high of $76.77.

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides a broad range of rental solutions for construction, industrial, infrastructure, government, and specialty markets. Its offerings include general tools and equipment, aerial work platforms, earthmoving machinery, power generation and distribution, climate control and HVAC systems, trench safety and shoring, pumps and fluid handling, and specialty asset categories tailored to sectors such as events, utilities and oil & gas.

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