UPDATE: Morgan Stanley Reiterates On United Rentals Ahead Of 2Q14 Earnings Report

In a report published Wednesday, Morgan Stanley analyst Nicole DeBlase reiterated an Equal-Weight rating on

, and raised the price target from $104.00 to $116.00. In the report, Morgan Stanley noted, “URI is likely to deliver another EPS beat during 2Q, and with tailwinds of a US Non-Resi recovery and National Pump accretion, we would expect the stock to continue to grind higher. Our PT moves to $116 (from $104 previously).” United Rentals closed on Tuesday at $106.28.