United Rentals Falls 9% Following Evercore Downgrade

Shares of United Rentals, Inc. URI fell over 9 percent Monday following a downgrade from Evercore which cut its rating from Buy to Sell.

The downgrade followed Morgan Stanley reiterating an Equal-Weight rating on the stock.

The shares began falling at Monday’s open and then plummeted after 1:20 p.m. EST.

The stock is up 21 percent over the past year, but has shown volatility since October.

United Rentals recently traded at $94.18, down 9.1 percent.