Citi lowered its price target on Sunbelt Rentals Holdings to $90 from $95 while maintaining a Buy rating, citing a slightly less constructive rental margin outlook after the fiscal fourth-quarter report. Sunbelt Rentals reported Q4 adjusted EPS of 74 cents, below the 76-cent consensus, while revenue of $2.75 billion topped the $2.64 billion consensus. CEO Brendan Horgan called fiscal 2026 a strong year and highlighted fourth-quarter momentum, with North America Specialty rental revenue up 15% and North America General Tool growing 4%. The company also announced the acquisition of Reliant Asset Management, which Horgan said is expected to be EPS accretive in year one after closing. Sunbelt Rentals provided fiscal 2027 guidance for revenue growth of 4.5% to 7.5%, rental revenue growth of 5% to 8%, and adjusted EBITDA of $4.85 billion to $5.05 billion.
Sunbelt Rentals Holdings, Inc.Citi lowered price target due to less constructive rental margin outlook; Q4 EPS missed consensus
Acquired by Sunbelt Rentals; deal expected to be EPS accretive in year one
