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Fly News Breaks for September 11, 2019
URI
Sep 11, 2019 | 06:25 EDT
Citi analyst Timothy Thein added United Rentals to his firm's Focus List saying the stock offers a "compelling" risk/reward based on his $160 price target. United Rentals, which is now 30% off of its 52 week high, has become a less cyclical company since the last downturn, generates significant cash throughout the cycle, and has meaningfully improved its balance sheet, Thein tells investors in a research note. He believes this could help to reduce volatility in the stock over time. The analyst keeps a Buy rating on the shares.
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