Stock Track | United Rentals Plunges 6.86% in Pre-market on Q4 Revenue Miss and Price Target Cuts
Stock Track
Jan 29
United Rentals' stock plummeted 6.86% in pre-market trading on Thursday, marking a significant decline ahead of the regular session.
The sharp drop follows the company's reported fourth-quarter revenue miss, which fell short of analyst expectations. Additionally, BofA Global Research lowered its price target on United Rentals to $1,020 from $1,050, maintaining a Buy rating but reflecting reduced optimism about the stock's near-term prospects.
These developments have contributed to negative investor sentiment during the pre-market session, with traders reacting to both the disappointing earnings performance and the revised analyst outlook.
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