United Rentals (URI) Momentum Will Make Another Pass Soon - Analyst

November 28, 2012 11:56 AM EST Send to a Friend
Get Alerts URI Hot Sheet
Price: $90.05 -1.14%

Rating Summary:
    11 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 19 | New: 37
Trade URI Now!
Join SI Premium – FREE
Ahead of analyst day on December 4th, Oppenheimer reiterated an Outperform rating on United Rentals (NYSE: URI) with a price target of $55.00.

"We anticipate URI continuing to deliver strong growth/margin expansion with/without a non-residential construction tailwind via its secular story of customers increasingly opting to rent vs. buy,” said analyst Scott Schneeberger.

Though range-bound for six weeks, Schneeberger thinks momentum in the stock could resume pending resolution of the 'fiscal cliff' overhang. He also thinks the upcoming analyst day will create a catalyst.

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 $39.86 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Add Your Comment