BofA/Merrill Lynch Downgrades United Rentals (URI) to Underperform
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Rating Summary:
22 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 69
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BofA/Merrill Lynch downgraded United Rentals (NYSE: URI) from Neutral to Underperform with a price target of $80. The change follows cautious comments on May performance from management at KeyBanc's conference yesterday. Analyst Ross Gilardi noted fading pricing power and the importance of May from a pricing perspective. Gilardi thinks a lack of upward price movement creates high risk of guidance revisions.
For an analyst ratings summary and ratings history on United Rentals click here. For more ratings news on United Rentals click here.
Shares of United Rentals closed at $94.95 yesterday.
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