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 price target raised to $138 from $125 at Jefferies Jefferies raised its price target for United Rentals shares to $138 saying it's too early to take profits in the name. The firm lists the S&P 500 Index inclusion post close of trading on September 19 and an improving macro environment as catalysts for the stock. It reiterates a Buy rating on the name.