Market Overview

UPDATE: Bank of America Initiates United Rentals at Buy on US Non-Residential Strength

Share:
Related URI
Fast Money Picks For January 23: Disney, United Rentals And More
Jefferies Says Shares Of United Rentals Are Set To Bounce
Buy Opportunity in URI Earnings! (Fox Business)

Bank of America initiated United Rentals (NYSE: URI) with a Buy rating and a $66.00 price objective.

Bank of America noted, "We see rising equipment rental penetration as big rental fleet owners like URI improve service levels, and end user economics favor renting over owning. We expect pro forma EBITDA to grow another 19% in 2013 following 40% growth last year. A pickup in US non-residential construction (55-60% of sales) should still lie ahead, eventually driving peak EPS of $7.70 by 2015, we estimate, 16% ahead of consensus."

United Rentals closed at $53.32 on Monday.

Latest Ratings for URI

DateFirmActionFromTo
Jan 2015Stifel NicolausMaintainsBuy
Jan 2015CitigroupMaintainsBuy
Jan 2015JefferiesMaintainsBuy

View More Analyst Ratings for URI
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings

 

Related Articles (URI)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional