Oppenheimer bumps its price target on United Rentals (URI +1.5%) to $37 from $29 in the wake of...

|By:, SA News Editor

Oppenheimer bumps its price target on United Rentals (URI +1.5%) to $37 from $29 in the wake of its planned $1.87B acquisition of RSC Holdings (RRR +1.3%). The combination should result in "significant growth" the next several years, it says, and "momentum is robust near-term" as both companies' Oct. and Nov. rental revenue "far exceeded our expectations."