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In a report published Monday, Morgan Stanley analyst Nicole DeBlase upgraded the rating on
United Rentals, Inc.URI from Equal-Weight to Overweight, and reiterated the $115.00 price target.
In the report, Morgan Stanley noted, "Despite O&G risk, we remain believers in the US Non-Resi recovery as well as equipment rental secular growth. URI seems to be pricing in an O&G bear case; the stock resides at the top of our preference matrix. With 21% upside to our $115 PT, we upgrade to OW."
United Rentals closed on Friday at $93.06.
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