United Rentals (URI) PT Raised to $115 at Jefferies

November 29, 2016 6:40 AM EST
Get Alerts URI Hot Sheet
Price: $111.19 +0.67%

Rating Summary:
    8 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade URI Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Jefferies analyst Justin Jordan reiterated a Buy rating and lifted his price target on United Rentals (NYSE: URI) to $115.00 (from $92.00), citing easing energy headwinds and specialty growth.

Jordan commented, "With easing energy headwinds and specialty growth, we expect market leader URI to return to EBITDA growth in 2017 (Jeff 3% above 2017 Street). Ahead of the 1 December CMD, we raise our URI PT to $115 from $92, based on mid-cycle 6.2x CY17 EV/ EBITDA."

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 $96.19 yesterday.



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

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment