Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded SUNB to a "hold", and MarketBeat shows the stock's consensus rating is Hold with an average target price of $73.20.
• Analysts are highly divided — Citigroup started coverage with a Buy and $85 target, while RBC and Bank of America issued negative views (RBC a Strong Sell at $62; BofA Underperform at $62).
• SUNB opened at $65.05 (trading up ~1.5%) and has a 12‑month range of $61.85–$76.77; the company rents equipment across construction, industrial and specialty markets.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on SUNB. KeyCorp raised Sunbelt Rentals Holdings, Inc. Common Stock to a "strong-buy" rating in a research report on Friday, March 13th. Bank of America began coverage on 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. Royal Bank Of Canada lowered their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $62.38 to $62.00 and set a "strong sell" rating for the company in a report on Thursday, March 26th. Weiss Ratings lowered Sunbelt Rentals Holdings, Inc. Common Stock from a "buy (b)" rating to a "hold (c)" rating in a research note on Thursday, March 19th. Finally, Citigroup started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday, March 16th. They set a "buy" rating and a $85.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock currently has an average rating of "Hold" and an average target price of $73.20.

Sunbelt Rentals Holdings, Inc. Common Stock Trading Up 1.5%

NYSE SUNB opened at $65.05 on Monday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12-month low of $61.85 and a 12-month high of $76.77.

Sunbelt Rentals Holdings, Inc NYSE: SUNB is a provider of equipment rental solutions, offering a broad array of tools and machinery for construction, industrial, commercial and specialty applications. The company supplies equipment on a short- or long-term basis to contractors, municipalities, utilities, facility managers and event organizers, positioning itself as a source of flexible, asset-light alternatives to outright ownership of capital equipment.

Sunbelt's product portfolio spans aerial work platforms, earthmoving and excavating equipment, material handling gear, power generation and temperature control systems, pumps and dewatering equipment, compaction and paving machinery, shoring and trench-safety solutions, scaffolding and a wide range of light and heavy tools.

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