UPDATE: Oppenheimer Lowers Price Target On RSC Holdings To $14

by Benzinga Staff
September 16, 2011 9:35 AM | 20 seconds read | Make a Comment

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According to Oppenheimer, RSC Holdings (NYSE: RRR) price target is lowered to $14.Oppenheimer said that RRR is down on concerns of a tepid economic environment. “We're tempering our PT from $18 to $14 (6x 2012E EV/EBITDA of $595M vs. its 4-7x historical FTM range). We apply a conservative 5x FTM EV/EBITDA multiple to our 2014E EBITDA of $775M, discounted at 12%.”RSC Holdings closed yesterday at $7.92.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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