United Rentals Inc

URI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$356.00	Nwkr	Wqpkhcdf

United Rentals: Equipment Rental Demand Remains Solid, Supporting Sales Growth

Dawit Woldemariam

Oct 26, 2023

United Rentals reported solid third-quarter results, thanks to continued strength in the equipment rental market. As a result, we raised our fair value estimate by over 3% to $452 (from $437 previously). We attribute roughly half of the fair value increase to stronger than expected near-term sales, with the balance from the time value of money since our last update.

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