RBC Capital downgraded United Rentals to Outperform from Top Pick and lowered its price target to $94 from $110. The firm lowered estimates following Q2 results and revised outlook and said it appears a reacceleration in the rental business could take longer than expected. RBC continues to like United Rentals positioning in the equipment rental category and views shares as attractive on 5x FY16 EBITDA
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here