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Fly News Breaks for May 29, 2015
URI
May 29, 2015 | 07:53 EDT
BofA/Merrill's Ross Gilardi downgraded United Rentals to Underperform and lowered his price target on shares to $80 from $108. Gilardi said pricing power continues to be pressured by the collapse in crude and the slowdown in the U.S. economy. He believes reduced pricing power is a sign of emerging oversupply and indicates a peak in the aerial work platform cycle.
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