Thu, Jan. 28, 10:25 AM
- 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.
May 3, 2013, 12:48 PM
Trucking stocks outperform the broad market after the jobs report indicates for-hire trucking firms unexpectedly added 11.7K jobs in April after shedding 6.3K in March. Advancers: United Rentals (URI) +7.2%, Ryder Systems (R) +4.5%, GATX Corporation (GATX) +3.3%, J.B. Hunt Transportation (JBHT) +1.8%, Knight Transportation (KNX) +3.7%, Amerco (UHAL) +5.0%, Pacer International (PACR) +4.1%, H&E Equipment Services (HEES) +5.9%.| May 3, 2013, 12:48 PM
Aug. 18, 2011, 1:47 PMMacquarie 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). | Aug. 18, 2011, 1:47 PM