Fly News Breaks for November 11, 2019
Nov 11, 2019 | 08:18 EDT
Buckingham analyst Neil Frohnapple raised his price target for H&E Equipment to $40 from $36. 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.
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