BUZZ-Wells Fargo bullish on EquipmentShare, cites supply‑driven recovery** Wells Fargo initiates construction tech firm EquipmentShare.com EQPT.O with an "overweight" rating; sets PT of $41
** Says construction machinery supply is tight, lead times for new equipment are rising and U.S. non-residential construction green shoots are emerging, positioning EQPT to benefit from fleet growth
** Adds that supply-driven recovery is broadening, with emerging visibility on demand-driven upside
** Says EQPT has grown from 133 to 352 sites in three years, applying a proven greenfield playbook systematically at each location
** Including session's moves, EQPT up 16.2% since its debut on January 23
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments