Macquarie downgrades three construction equipment-rental companies this morning, citing a weak...
Macquarie downgrades three construction equipment-rental companies this morning, citing a weak recovery in the non-residential construction industry. The firm notes the Architecture Billings Index continues to decline, suggesting a muted recovery in 2012: United Rentals (URI -14.3%), RSC Holdings (RRR -10%) and HE Equipment Services (HEES -12.6%) are all cut to neutral (I II III).
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