Deutsche Bank Starts United Rentals (URI) at Hold

September 6, 2016 4:38 PM EDT
Get Alerts URI Hot Sheet
Price: $106.74 -0.29%

Rating Summary:
    8 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Deutsche Bank initiated coverage on United Rentals (NYSE: URI) with a Hold rating and a price target of $79.

Analyst Nicole DeBlase said, "Equipment rental is the one industry we cover with an extremely fragmented market structure; URI is the market leader with just 11% share. This presents opportunity to differentiate and grow that is not afforded by more consolidated industries. We also expect rental penetration to continue moving higher over time, as US contractors become increasingly comfortable with outsourcing fleet management to companies like URI. Even more importantly, the current management team has instilled a focus on improving ROIC which, combined with the benefits of the RSC merger, has driven 16ppts of crosscycle margin improvement."

For an analyst ratings summary and ratings history on United Rentals click here. For more ratings news on United Rentals click here.

Shares of United Rentals closed at $81.96 yesterday.

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