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NEFF

Neff

$14.65

-1.1 (-6.98%)

, URI

United Rentals

$122.12

-2.08 (-1.67%)

07:42
03/15/17
03/15
07:42
03/15/17
07:42

Neff double upgraded to Buy on improving pricing, free cash flow at BofA/Merrill

As previously reported, BofA Merrill Lynch analyst Ross Gilardi upgraded Neff (NEFF) by two notches, to Buy from Underperform, and raised his price target on the shares to $20 from $12. The analyst said the read-across on rental from CONEXPO was positive, pricing in the rental market is improving, state fiscal stimulus measures are supportive in the Sunbelt region and that the company's free cash flow generation is reassuring. Gilardi also noted that Neff shares have lagged industry leader United Rentals (URI) year-to-date and thinks his new target, which is an 11% discount to his target for United Rentals, "seems justified."

NEFF

Neff

$14.65

-1.1 (-6.98%)

URI

United Rentals

$122.12

-2.08 (-1.67%)

NEFF Neff
$14.65

-1.1 (-6.98%)

03/15/17
BOFA
03/15/17
UPGRADE
BOFA
Buy
Neff upgraded to Buy from Underperform at BofA/Merrill
11/29/16
JEFF
11/29/16
DOWNGRADE
Target $14
JEFF
Hold
Neff downgraded to Hold from Buy at Jefferies
Jefferies analyst Justin Jordan downgraded Neff to Hold saying the company's larger national peers are better positioned to win infrastructure work and benefit from stimulus under President Trump. The analyst also notes the stock is up 49% since the U.S. election. He raised his price target for Neff shares to $14 from $12.
11/23/16
PIPR
11/23/16
NO CHANGE
Target $112
PIPR
Overweight
Piper ups price targets after Rental Sentiment Survey
Piper Jaffray analyst George Tong raised his price targets for United Rentals (URI) and Neff (NEFF) following his firm's Rental Sentiment Survey of rental executives. The results increased the analyst's confidence in a "strengthening equipment rental demand outlook driven by aggressive planned increases in infrastructure spending under a Trump administration." Checks show stronger expectations for rental revenue growth over the next year, backed by an uptick in both rental rate and rental volume growth trends, Tong tells investors in a research note. He also believes increases in infrastructure spending will likely benefit 2018 estimates. The analyst raised his price target for United Rentals to $112 from $95 and for Neff to $15 from $13 citing a stronger spending outlook. Tong is a buyer of both stocks.
URI United Rentals
$122.12

-2.08 (-1.67%)

02/02/17
ARGS
02/02/17
DOWNGRADE
ARGS
Hold
United Rentals downgraded on valuation at Argus
As noted earlier, Argus downgraded United Rentals to Hold from Buy. Analysts Stephen Biggar and Deborah Ciervo downgraded the stock based on valuation.
02/02/17
ARGS
02/02/17
DOWNGRADE
ARGS
Hold
United Rentals downgraded to Hold from Buy at Argus
01/26/17
01/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Rentals (URI) upgraded to Outperform from Market Perform at Avondale with analyst Lawrence Pfeffer saying he believes the acquisition of NES Rentals provides URI with increased means to meet or exceed expectations and provides several levers to drive EBITDA growth independent of the cycle. 2. Estee Lauder (EL) upgraded to Outperform from Perform at Oppenheimer with analyst Rupesh Parikh saying the company is better positioned for growth following recent acquisitions in the makeup category and more aggressive partnerships. 3. Grainger (GWW) upgraded to Hold from Sell at Deutsche Bank with analyst John Inch saying the company's distributor positioning is likely to continue to be favorably viewed by the market. The analyst raised his price target for the shares to $246 from $194 following the company's fourth quarter results. 4. Clovis (CLVS) upgraded to Overweight from Neutral at Piper Jaffray with analyst Steven Breazzano saying he has confidence in the total market potential for PARP inhibitors and expects them to "supplant platinum therapy well beyond ovarian or breast cancer and define new combinations broadly in oncology." 5. RPC, Inc. (RES) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Neutral at Guggenheim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/26/17
01/26/17
UPGRADE
Target $145

Outperform
United Rentals upgraded to Outperform on NES Rentals acquisition at Avondale
As previously reported, Avondale upgraded United Rentals to Outperform from Market Perform and raised its price target to $145 from $110. Analyst Lawrence Pfeffer believes the acquisition of NES Rentals provides URI with increased means to meet or exceed expectations and provides several levers to drive EBITDA growth independent of the cycle.

TODAY'S FREE FLY STORIES

NEWM

New Media

$12.75

0.045 (0.35%)

14:51
05/26/17
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14:51
Conference/Events
New Media management to meet with Stephens »

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FSIC

FS Investment

$9.25

0.1 (1.09%)

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SONS

Sonus

$6.91

-0.12 (-1.71%)

14:47
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Conference/Events
Sonus management to meet with William Blair »

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GOOG

Alphabet

$969.54

14.58 (1.53%)

, GOOGL

Alphabet Class A

$991.86

14.25 (1.46%)

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Google creates AI-focused venture capital program, Axios reports »

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$969.54

14.58 (1.53%)

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14:45
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General news
NY Fed's 4-day reverse repo totaled $169.0 B (55 counterparties) »

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OOMA

Ooma

$8.58

0.075 (0.88%)

14:29
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Ooma CFO acquires 3,000 common shares »

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SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

, VAL

Valspar

$113.06

0.6 (0.53%)

14:20
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Sherwin-Williams says Valspar acquisition expected to close on June 1 »

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SHW

Sherwin-Williams

$334.27

0.18 (0.05%)

VAL

Valspar

$113.06

0.6 (0.53%)

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NVDA

Nvidia

$138.26

-0.31 (-0.22%)

, SFTBF

SoftBank

$79.50

3.295 (4.32%)

14:18
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05/26
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Periodicals
SoftBank considering increasing Nvidia stake over time, Bloomberg says »

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NVDA

Nvidia

$138.26

-0.31 (-0.22%)

SFTBF

SoftBank

$79.50

3.295 (4.32%)

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  • 09

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$NSD

NASDAQ Market Internals

14:17
05/26/17
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14:17
Technical Analysis
NASDAQ market internals summary »

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OCRX

Ocera Therapeutics

$1.13

-0.01 (-0.88%)

14:17
05/26/17
05/26
14:17
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14:17
Conference/Events
Ocera Therapeutics to hold a conference call »

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  • 02

    Jun

$NYE

NYSE Market Internals

14:16
05/26/17
05/26
14:16
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14:16
Technical Analysis
NYSE market internals summary »

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MAR

Marriott

$106.53

0.65 (0.61%)

14:10
05/26/17
05/26
14:10
05/26/17
14:10
Options
Repeat action in Marriott »

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CMG

Chipotle

$479.98

-1.41 (-0.29%)

14:04
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05/26
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Hot Stocks
Chipotle says malware found during investigation of card security incident »

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F

Ford

$10.87

0.005 (0.05%)

14:04
05/26/17
05/26
14:04
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14:04
Conference/Events
Ford to host sales conference call »

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  • 12

    Jun

SPY

SPDR S&P 500 ETF Trust

$241.73

-0.03 (-0.01%)

, SPX

S&P 500

14:00
05/26/17
05/26
14:00
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14:00
Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

The S&P 500 (SPX) is…

SPY

SPDR S&P 500 ETF Trust

$241.73

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SPX

S&P 500

AMZN

Amazon.com

$993.38

13.03 (1.33%)

GOOG

Alphabet

$969.54

14.58 (1.53%)

GOOGL

Alphabet Class A

$991.86

14.25 (1.46%)

FB

Facebook

$151.96

1.92 (1.28%)

MSFT

Microsoft

$69.62

0.85 (1.24%)

AAPL

Apple

$153.87

0.53 (0.35%)

XLI

Industrial Select Sector SPDR

$67.45

0.12 (0.18%)

XLU

Utilities SPDR

$53.38

-0.0232 (-0.04%)

XLY

Consumer Discretionary Sector SPDR

$90.63

0.16 (0.18%)

XLF

Financial Select Sector

$23.66

0.04 (0.17%)

IYR

DJ US Real Estate Index Fund

$79.09

-0.53 (-0.67%)

XLE

Energy Select Sector SPDR

$66.54

0.04 (0.06%)

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TV

Grupo Televisa

$25.08

0.18 (0.72%)

14:00
05/26/17
05/26
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14:00
Options
Short-term put sellers back in Grupo Televisa »

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14:00
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General news
Energy Action: Baker-Hughes »

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MNK

Mallinckrodt

$43.29

2.29 (5.59%)

13:59
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Hot Stocks
Mallinckrodt denied citizen petition related to Inomax »

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  • 13

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NSANY

Nissan

$19.34

0.06 (0.31%)

, TSLA

Tesla

$316.83

6.61 (2.13%)

13:51
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Periodicals
Nissan near deal to sell battery unit for around $1B, Nikkei says »

Nissan Motor (NSANY) is…

NSANY

Nissan

$19.34

0.06 (0.31%)

TSLA

Tesla

$316.83

6.61 (2.13%)

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PVG

Pretium Resources

$9.24

0.13 (1.43%)

13:50
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Options
Call buyers active in Pretrium Resources »

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13:40
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General news
Fedspeak resumes next week with SF Fed dove Williams »

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IWM

iShares Trust Russell 2000 Index Fund

$137.74

0.1592 (0.12%)

, RUT

Russell 2000 Index

13:26
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Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

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iShares Trust Russell 2000 Index Fund

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$NSD

NASDAQ Market Internals

13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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HTZ

Hertz

$9.25

-0.31 (-3.24%)

13:15
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Options
Hertz put volume heavy and directionally bearish »

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