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NEFF

Acquired by URI

$14.65

-1.1 (-6.98%)

, URI

United Rentals

$122.12

-2.08 (-1.67%)

07:42
03/15/17
03/15
07:42
03/15/17
07:42

Neff double upgraded to Buy on improving pricing, free cash flow at BofA/Merrill

As previously reported, BofA Merrill Lynch analyst Ross Gilardi upgraded Neff (NEFF) by two notches, to Buy from Underperform, and raised his price target on the shares to $20 from $12. The analyst said the read-across on rental from CONEXPO was positive, pricing in the rental market is improving, state fiscal stimulus measures are supportive in the Sunbelt region and that the company's free cash flow generation is reassuring. Gilardi also noted that Neff shares have lagged industry leader United Rentals (URI) year-to-date and thinks his new target, which is an 11% discount to his target for United Rentals, "seems justified."

NEFF

Acquired by URI

$14.65

-1.1 (-6.98%)

URI

United Rentals

$122.12

-2.08 (-1.67%)

NEFF Acquired by URI
$14.65

-1.1 (-6.98%)

11/23/16
PIPR
11/23/16
NO CHANGE
Target $112
PIPR
Overweight
Piper ups price targets after Rental Sentiment Survey
Piper Jaffray analyst George Tong raised his price targets for United Rentals (URI) and Neff (NEFF) following his firm's Rental Sentiment Survey of rental executives. The results increased the analyst's confidence in a "strengthening equipment rental demand outlook driven by aggressive planned increases in infrastructure spending under a Trump administration." Checks show stronger expectations for rental revenue growth over the next year, backed by an uptick in both rental rate and rental volume growth trends, Tong tells investors in a research note. He also believes increases in infrastructure spending will likely benefit 2018 estimates. The analyst raised his price target for United Rentals to $112 from $95 and for Neff to $15 from $13 citing a stronger spending outlook. Tong is a buyer of both stocks.
11/29/16
JEFF
11/29/16
DOWNGRADE
Target $14
JEFF
Hold
Neff downgraded to Hold from Buy at Jefferies
Jefferies analyst Justin Jordan downgraded Neff to Hold saying the company's larger national peers are better positioned to win infrastructure work and benefit from stimulus under President Trump. The analyst also notes the stock is up 49% since the U.S. election. He raised his price target for Neff shares to $14 from $12.
03/15/17
BOFA
03/15/17
UPGRADE
BOFA
Buy
Neff upgraded to Buy from Underperform at BofA/Merrill
URI United Rentals
$122.12

-2.08 (-1.67%)

01/26/17
01/26/17
UPGRADE
Target $145

Outperform
United Rentals upgraded to Outperform on NES Rentals acquisition at Avondale
As previously reported, Avondale upgraded United Rentals to Outperform from Market Perform and raised its price target to $145 from $110. Analyst Lawrence Pfeffer believes the acquisition of NES Rentals provides URI with increased means to meet or exceed expectations and provides several levers to drive EBITDA growth independent of the cycle.
01/26/17
01/26/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Rentals (URI) upgraded to Outperform from Market Perform at Avondale with analyst Lawrence Pfeffer saying he believes the acquisition of NES Rentals provides URI with increased means to meet or exceed expectations and provides several levers to drive EBITDA growth independent of the cycle. 2. Estee Lauder (EL) upgraded to Outperform from Perform at Oppenheimer with analyst Rupesh Parikh saying the company is better positioned for growth following recent acquisitions in the makeup category and more aggressive partnerships. 3. Grainger (GWW) upgraded to Hold from Sell at Deutsche Bank with analyst John Inch saying the company's distributor positioning is likely to continue to be favorably viewed by the market. The analyst raised his price target for the shares to $246 from $194 following the company's fourth quarter results. 4. Clovis (CLVS) upgraded to Overweight from Neutral at Piper Jaffray with analyst Steven Breazzano saying he has confidence in the total market potential for PARP inhibitors and expects them to "supplant platinum therapy well beyond ovarian or breast cancer and define new combinations broadly in oncology." 5. RPC, Inc. (RES) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Neutral at Guggenheim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/17
ARGS
02/02/17
DOWNGRADE
ARGS
Hold
United Rentals downgraded to Hold from Buy at Argus
02/02/17
ARGS
02/02/17
DOWNGRADE
ARGS
Hold
United Rentals downgraded on valuation at Argus
As noted earlier, Argus downgraded United Rentals to Hold from Buy. Analysts Stephen Biggar and Deborah Ciervo downgraded the stock based on valuation.

TODAY'S FREE FLY STORIES

WLDN

Willdan Group

$24.52

-0.46 (-1.84%)

11:55
11/24/17
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11:55
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Willdan Group management to meet with Wedbush »

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  • 05

    Dec

WLH

William Lyon Homes

$29.55

-0.33 (-1.10%)

11:51
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William Lyon Homes management to meet with Wedbush »

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BLDR

Builders FirstSource

$19.52

0.07 (0.36%)

11:49
11/24/17
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Conference/Events
Builders FirstSource management to meet with Wedbush »

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FUN

Cedar Fair

$67.06

0.51 (0.77%)

11:47
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Cedar Fair management to meet with Wedbush »

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  • 28

    Nov

HOG

Harley-Davidson

$47.26

-0.42 (-0.88%)

, PII

Polaris Industries

$123.17

-0.41 (-0.33%)

11:43
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11:43
Conference/Events
Wedbush leisure analyst holds an analyst/industry luncheon meeting »

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HOG

Harley-Davidson

$47.26

-0.42 (-0.88%)

PII

Polaris Industries

$123.17

-0.41 (-0.33%)

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PEP

PepsiCo

$115.91

0.83 (0.72%)

11:40
11/24/17
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One week call buyers in Pepsico »

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NSANY

Nissan

$19.10

-0.07 (-0.37%)

11:36
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Periodicals
Nissan plans to unveil new gasoline-fueled engine next week, Reuters says »

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  • 16

    Jan

ECYT

Endocyte

$4.82

0.07 (1.47%)

, PGNX

Progenics

$5.59

0.06 (1.09%)

11:35
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Conference/Events
Wedbush biotech analyst holds an analyst/industry conference call »

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ECYT

Endocyte

$4.82

0.07 (1.47%)

PGNX

Progenics

$5.59

0.06 (1.09%)

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CBI

CB&I

$15.46

-0.16 (-1.02%)

11:35
11/24/17
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Options
CB&I put volume heavy and directionally bearish »

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  • 28

    Nov

AAPL

Apple

$174.96

1.82 (1.05%)

11:20
11/24/17
11/24
11:20
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11:20
Options
Active trading in Apple expiring options »

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DIS

Disney

$102.78

0.04 (0.04%)

, VIAB

Viacom

$26.68

-0.58 (-2.13%)

11:19
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Hot Stocks
Box Office Battle: 'Coco' looking to take top spot from 'Justice League' »

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DIS

Disney

$102.78

0.04 (0.04%)

VIAB

Viacom

$26.68

-0.58 (-2.13%)

LGF.B

Lionsgate

$31.68

0.355 (1.13%)

SNE

Sony

$47.92

0.7 (1.48%)

LGF.A

Lionsgate

$33.31

0.33 (1.00%)

FOXA

21st Century Fox

$30.61

-0.27 (-0.87%)

FOX

21st Century Fox

$29.94

-0.16 (-0.53%)

CMCSK

Comcast

CMCSA

Comcast

$36.41

-0.01 (-0.03%)

TWX

Time Warner

$89.91

-0.1 (-0.11%)

VIA

Viacom

$32.90

-0.45 (-1.35%)

03/08/13
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  • 28

    Nov

$NSD

NASDAQ Market Internals

11:17
11/24/17
11/24
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Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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$NYE

NYSE Market Internals

11:16
11/24/17
11/24
11:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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GNC

GNC Holdings

$5.65

0.2 (3.67%)

11:15
11/24/17
11/24
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Options
GNC Holdings put volume heavy and directionally bearish »

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OSTK

Overstock.com

$61.05

0.6 (0.99%)

11:05
11/24/17
11/24
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Options
Overstock com call volume above normal and directionally bullish »

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M

Macy's

$21.56

0.93 (4.51%)

10:50
11/24/17
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Options
Macy's calls outpace puts 2:1 as shares see strength »

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  • 18

    Mar

GM

General Motors

$44.37

0.075 (0.17%)

10:40
11/24/17
11/24
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10:40
Options
10K GM Dec 44 calls sold at $1.20 »

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  • 30

    Nov

  • 09

    Jan

  • 16

    Jan

M

Macy's

$21.57

0.9366 (4.54%)

10:38
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Technical Analysis
Technical View: Macy's ticks top of downtrend resistance line »

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  • 18

    Mar

MSON

Misonix

$10.58

0.025 (0.24%)

10:36
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11/24
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Hot Stocks
Breaking Hot Stocks news story on Misonix »

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TCEHY

Tencent

$54.89

-1.01 (-1.81%)

, NTDOY

Nintendo

$50.55

0.72 (1.44%)

10:35
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Periodicals
Tencent denies rumor of Nintendo gaming JV in China, Marbridge Daily says »

Tencent (TCEHY) has…

TCEHY

Tencent

$54.89

-1.01 (-1.81%)

NTDOY

Nintendo

$50.55

0.72 (1.44%)

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AMZN

Amazon.com

$1,175.50

19.08 (1.65%)

10:34
11/24/17
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Periodicals
Amazon workers in Germany, Italy strike on Black Friday, TechCrunch reports »

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  • 18

    Mar

UEPS

Net 1 UEPS

$12.28

2.16 (21.34%)

10:30
11/24/17
11/24
10:30
11/24/17
10:30
Options
Notable new position opened in Net 1 Ueps Tech as shares stumble »

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FORR

Forrester

$46.55

-0.15 (-0.32%)

10:25
11/24/17
11/24
10:25
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Conference/Events
Forrester management to meet with Sidoti »

Meeting to be held in…

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  • 29

    Nov

  • 29

    Nov

  • 05

    Dec

MRO

Marathon Oil

$15.04

0.161 (1.08%)

10:25
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Options
Marathon Oil call volume above normal and directionally bullish »

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  • 28

    Nov

GRC

Gorman-Rupp

$32.18

-0.29 (-0.89%)

10:24
11/24/17
11/24
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Conference/Events
Gorman-Rupp management to meet with Sidoti »

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  • 29

    Nov

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