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Fly News Breaks for April 27, 2018
HEES
Apr 27, 2018 | 09:12 EDT
Buckingham analyst Neil Frohnapple said he was surprised by the magnitude of yesterday's selloff in H&E Equipment shares in light of its stronger than expected Q1 EBITDA and bullish commentary on rental trends in April and outlook for the remainder of the year. The best argument he heard for the weakness in the stock was lack of SG&A leverage on the revenue growth, but he remains bullish on the company's earnings trajectory for the remainder of 2018. He reiterates his Buy rating and $44 price target on H&E Equipment.
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