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Fly News Breaks for July 9, 2015
URI
Jul 9, 2015 | 06:46 EDT
Piper Jaffray lowered its price target for United Rentals to $110 saying lower oil prices have reduced rental demand in the oil and gas vertical. Piper, however, points out that its rental checks indicate the impact is contained, with no signs of "contagion" to other verticals. The firm lowered its estimates for United Rentals but finds the valuation attractive at current share levels. It keeps an Overweight rating on the name.
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