Return to peak construction implies $140 price for United Rentals, says UBS UBS said assumptions of a return to peak construction levels, an increase in market share, and continued execution and operating metrics will imply a longer term potential target of $140 for United Rentals. The firm believes discounted back models will support its 12 month price target of $120 per share and keeps its Buy rating on the stock.
United Rentals upgraded at Morgan Stanley As previously reported, Morgan Stanley upgraded United Rentals to Overweight from Equal Weight. The firm said United Rentals continues to benefit from increased North American rental penetration and core U.S. non-residential growth appears robust. Morgan Stanley said believes management is fully commuted to structural change and improving ROIC to 11% by 2017. Price target is $115.