United Rentals, Inc. (URI) Tops Q2 EPS by 18c; Boosts Outlook

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United Rentals (URI) PT Bumped to $124 at Piper Jaffray on 'Robust' Q2

July 17, 2014 6:49 AM EDT

Piper Jaffray analyst George Tong reiterated an Overweight rating in United Rentals (NYSE: URI) and bumped his price target to $124.00 (from $123.00) following "robust" Q2 results.

Tong comments, "Second quarter results demonstrate United Rentals' attractive margin leverage to a multi-year expansion cycle in equipment rentals.... More