Buckingham analyst Neil Frohnapple raised his price target for United Rentals to $180 from $170 and maintained a Buy rating. In a research note to investors, Frohnapple says his firm recently completed its monthly equipment rental rate momentum survey and says that overall, 52% of contacts surveyed noted that rental rates were above their expectations in the month of October. The analyst says his firm's research suggests that the better than expected rental rate performance that occurred in Q2 and Q3 is continuing thus far in the fourth quarter.
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