Goldman Sachs analyst Jerry Revich upgraded United Rentals to Buy from Neutral and raised his 12-month price target for the shares to $165 from $128. U.S. construction equipment supply has peaked, rental rates are likely to bottom in coming quarters, consensus estimates have only "modest" risk, and multiple expansion is likely for the Construction Rental group if manufacturing production cuts play out in the coming quarters as expected, Revich tells investors in a research note. The analyst views United Rentals' cyclical risk/reward as improved and is positive on the company's focus of reducing financial leverage as well as its "continued progress" on reducing per unit operating costs.

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Previous view $14.65B-$15.15B.

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.