JPMorgan Chase & Co. Issues Pessimistic Forecast for Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Stock Price

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its target price decreased by JPMorgan Chase & Co. from $78.00 to $74.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 1.91% from the stock’s previous close.

Several other analysts have also recently weighed in on SUNB. Barclays started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, March 10th. They set an “overweight” rating on the stock. The Goldman Sachs Group began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, March 10th. They issued a “buy” rating and a $83.00 target price for the company. BNP Paribas Exane began coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 9th. They set an “outperform” rating on the stock. Finally, Weiss Ratings initiated coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, March 5th. They issued a “buy (b)” rating on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 4.0%

SUNB stock opened at $72.61 on Friday. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $68.67 and a 1 year high of $76.77.

Sunbelt Rentals Holdings, Inc operates as a diversified equipment rental company that provides temporary-use solutions and related services to construction, industrial, municipal, infrastructure, specialty trade and events customers. The company supplies equipment and on-site support to contractors, facilities managers and government entities seeking short- and long-term equipment access without the capital commitment of ownership. Sunbelt Rentals is listed on the New York Stock Exchange under the ticker SUNB.

Its offering spans a broad range of product categories, including aerial work platforms and access equipment, earthmoving and compact construction machinery, material handling and lifting solutions, pumps and fluid management, power generation and temporary power distribution, climate control and HVAC systems, trench and shoring safety, and a wide assortment of light and specialty tools.