Argus Starts United Rentals (URI) at Buy
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Argus initiates coverage on United Rentals (NYSE: URI) with a Buy rating and a price target of $90.00.
While the company has seen strong growth over the past five years, they believe that the company is poised for a longer-than-typical upturn and view the recent period of flat revenue as temporary.
The firm is seting 2016 adjusted EPS forecast of $8.50, up 6.0% from 2015, and a 2017 estimate of $9.00, implying 5.9% growth next year.
Shares of United Rentals closed at $78.93 yesterday.
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