Sunbelt Rentals upgraded to Sector Perform from Underperform at RBC Capital

RBC Capital upgraded Sunbelt Rentals (SUNB) to Sector Perform from Underperform with a price target of $80, up from $62. The firm cites abating headwinds for the upgrade. While auction prices are still negative in Sunbelt’s equipment categories, its inventory position “generally looks better than at the turn of the year,” the analyst tells investors in a research note. Further, RBC believes Sunbelt’s margin deprecation headwind has “washed out,” saying growth in its second largest cost category outstripped rental revenue growth in North America throughout 2025.

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