Melius Starts Coverage on EquipmentShare, Sees Upside Despite Profitability Questions
Melius Capital initiated coverage of EquipmentShare (NASDAQ: EQPT) with a buy rating and a $55 price target, implying roughly 63% upside from the stock's current $33.77 level. The firm cites ambitious organic growth, industry positioning and precedent valuation premiums in rental sector peers as reasons for the recommendation, while noting the comp…