Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Rating Lowered to "Underweight" at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. downgraded Sunbelt Rentals (NYSE:SUNB) from "neutral" to underweight and set a $75 target, implying roughly a 1.91% downside from the recent price.
• Analyst views are mixed—MarketBeat's consensus is Hold with an average price target of $73.40, while individual ratings range from Strong Buy to Strong Sell.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) was downgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research report issued to clients and investors on Friday. They currently have a $75.00 target price on the stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 1.91% from the stock's current price.

Several other analysts have also weighed in on SUNB. Weiss Ratings upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Bank of America assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 16th. They issued an "underperform" rating and a $62.00 price target for the company. Jefferies Financial Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a "hold" rating in a research report on Wednesday, March 11th. BNP Paribas Exane started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, March 9th. They set an "outperform" rating on the stock. Finally, Royal Bank Of Canada reduced their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a "strong sell" rating for the company in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock presently has a consensus rating of "Hold" and an average price target of $73.40.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 4.3%

NYSE SUNB opened at $76.46 on Friday. The business's 50 day simple moving average is $69.59. Sunbelt Rentals Holdings, Inc. Common Stock has a one year low of $61.03 and a one year high of $78.05.

Sunbelt Rentals Holdings, Inc is a publicly traded equipment rental company listed on the New York Stock Exchange under the ticker SUNB. The company provides rental equipment and related services to construction, industrial, municipal, commercial and specialty markets, offering short- and long-term rental solutions designed to support projects of varying scale and complexity.

Sunbelt's product and service offering spans a broad array of categories including aerial work platforms, earthmoving and excavation equipment, power generation and HVAC/climate control systems, pumps and fluid handling, light towers and site services, hand and power tools, and specialty equipment for events and industrial applications.

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