United Rentals acquisition positive, says Oppenheimer After United Rentals agreed to buy the second largest specialty pump rental company in North America, called National Pump, Oppenheimer indicates that it views the acquired company as a higher growth/margin/ROIC specialty rental asset. The firm thinks the deal will provide United Rentals with strong expansion/cross-selling opportunities. It keeps a $99 price target and Outperform rating on United Rentals.
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United Rentals raises FY14 revenue view to $5.55B-$5.65B from $5.45B-$5.65B Raises FY14 adjusted EBITDA view to $2.65B-$2.7B from $2.55B-$2.65B. Raises FY14 free cash flow view to $450M-$500M from $425M-$475M.