United Rentals resumed with a Hold at Deutsche Bank » 06:4907/0107/01/20
Deutsche Bank analyst…
Deutsche Bank analyst Nicole DeBlase resumed coverage of United Rentals with a Hold rating and $161 price target. The analyst resumed coverage of the U.S. Machinery industry with Buy ratings on four and Hold ratings on five. At this point in the cycle, Deblase does not see "significant alpha generation opportunity" through outright Sell ratings within this group.
|Over a week ago|
United Rentals put volume heavy and directionally bearish » 12:5506/2406/24/20
Bearish flow noted in…
Bearish flow noted in United Rentals with 2,506 puts trading, or 1.9x expected. Most active are 7/2 weekly 120 calls and 6/26 weekly 110 calls, with total volume in those strikes near 670 contracts. The Put/Call Ratio is 1.56, while ATM IV is up nearly 6 points on the day. Earnings are expected on July 29th.
United Rentals initiated with an Outperform at Baird » 16:1806/0806/08/20
Baird analyst Mircea…
Baird analyst Mircea Dobre initiated coverage of United Rentals with an Outperform rating and $185 price target.
United Rentals put volume heavy and directionally bearish » 13:3506/0806/08/20
Bearish flow noted in…
Bearish flow noted in United Rentals with 2,802 puts trading, or 2x expected. Most active are Jan-21 75 puts and Jul-20 150 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.11, while ATM IV is up nearly 4 points on the day. Earnings are expected on July 29th.
Fly Intel: Top five analyst downgrades » 10:0606/0406/04/20
PLNT, URI, GS, QD, IPAR
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Planet Fitness (PLNT) downgraded to Market Perform from Outperform at Raymond James with analyst Joseph Altobello saying with the shares now approaching $80, which he attributes mainly to optimism regarding a broad based economic recovery as areas of the U.S. reopen, he believes the stock's valuation has become "stretched." 2. United Rentals (URI) downgraded to Buy from Conviction Buy at Goldman Sachs. 3. Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew O'Connor saying the good news for Goldman Sachs seems to be baked in with the stock outperforming, and the potential sell-off in equities could weigh on several of Goldman's businesses like trading, investment banking and asset management. 4. Qudian (QD) downgraded to Sell from Neutral at Citi. 5. Inter Parfums (IPAR) downgraded to Neutral from Outperform at Credit Suisse with analyst Alan Erskine saying the population lockdowns are having a server impact on Inter Parfums' business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
United Rentals price target raised to $168 from $136 at UBS » 06:5106/0406/04/20
UBS analyst Steven Fisher…
UBS analyst Steven Fisher raised the firm's price target on United Rentals to $168 from $136 and keeps a Buy rating on the shares. The analyst says that after his meetings with the company management at the Industrials and Transportation Conference this week, his previously anticipated inflection in rental metrics is now underway with "positive momentum".
United Rentals downgraded to Buy from Conviction Buy at Goldman Sachs » 04:5906/0406/04/20
Goldman Sachs analyst…
Goldman Sachs analyst Jerry Revich removed United Rentals (URI) from the firm's Americas Conviction List but keeps a Buy rating on the shares with a price target of $165, up from $154. The analyst sees more attractive risk/rewards across other parts of the Industrials and Materials space, including Oshkosh (OSK). However, Revich cites improved visibility on a construction equipment utilization recovery for the target raise.
|Over a month ago|
United Rentals downgraded to Hold from Buy at Standpoint Research » 15:4105/1805/18/20
Standpoint Research analyst Ronnie Moas downgraded United Rentals to Hold from Buy.
United Rentals upgraded to Buy from Neutral at UBS » 06:1005/1405/14/20
UBS analyst Steven Fisher…
UBS analyst Steven Fisher upgraded United Rentals to Buy from Neutral with an unchanged $136 price target. The analyst says the company's rental metrics are set for positive inflection relative to March-April levels as construction activity resumes in several cities. Fisher ads that following the likely trough in utilization rate during the first half of Q2, May-June should see the rate go higher. The analyst further notes that industry supply/demand should be more balanced given the "aggressive" capex cuts by United Rentals and its peers.
United Rentals call volume above normal and directionally bullish » 14:2505/1105/11/20
Bullish option flow…
Bullish option flow detected in United Rentals with 3,181 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 53.93%. May-20 118 calls and 5/22 weekly 80 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.36. Earnings are expected on July 29th.