NEW YORK (TheStreet) -- United Rentals' Inc. (URI) price target was raised to $125 from $110 by analysts at Jefferies Group (JEF) on Thursday, based on the company's increasing supportive macro and accelerating commercial non-residential spending.
The firm reiterated its "buy" rating on the equipment rental company as it expects United's upcoming earnings results to show increasing volume and rate trends.
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TheStreet Ratings team rates UNITED RENTALS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED RENTALS INC (URI) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."