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

November 28, 2012 11:56 AM EST
Get Alerts URI Hot Sheet
Price: $76.57 -3.3%

Rating Summary:
    8 Buy, 12 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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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.

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