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Fly News Breaks for June 16, 2015
URI
Jun 16, 2015 | 06:56 EDT
Macquarie downgraded United Rentals to Underperform with a $80 price target. The firm believes 2015 and 2016 expectations remain too high given weakness in oil and gas downstream markets. The firm expects management to cut utilization and rental rate guidance in Q2 or Q3 and remains cautious on shares.
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