BofA/Merrill analyst Ross Gilardi upgraded United Rentals to Buy from Neutral with a $120 price target saying pieces are in place for a seasonal rate improvement. The analyst said shares have under performed since the Q1 report and the industry is fundamentally tight. Gilardi views valuation as attractive and believes if shares were to move lower the company has the capacity to buy back shares.
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