Macquarie downgrades three construction equipment-rental companies this morning, citing a weak...

|By:, SA News Editor

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).