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Equipment rental stocks get punished

Jan. 28, 2016 10:25 AM ETUnited Rentals, Inc. (URI) StockR, URI, HEES, CAR, HTZBy: Clark Schultz, SA News Editor8 Comments
  • United Rentals (URI -15.4%) and H&E Equipment Services (HEES -14.6%) are sharply lower after United Rentals issued soft guidance last night, and with UBS chipping away with downgrades.
  • The investment firm moves both stocks to Neutral from Buy. URI's price target is chopped to $56 from $94, while H&E's PT goes to $15 from $22.
  • Hertz Global (HTZ -5.3%), Ryder (R -1.9%),  and Avis Budget (CAR -3.1%) are also feeling some pain.

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