United Rentals Upgrade: Bank Of America Thinks Bearish Thesis Has Come To A Close

Bank of America has upgraded United Rentals from Underperform to Neutral after a dip in the stock’s share price dropped it to the firm’s $60 price target.

According to analyst Ross Gilardi, the firm’s bearish thesis has run its course, and the stock’s downside from current levels is limited.

What Happened?

United is now down more than 38 percent in 2015, and Caterpillar Inc. CAT 0.82%’s weak guidance this week sent United’s stock low enough for Bank of America to pull the plug on its bear thesis.

Gilardi pointed out that Caterpillar’s weakness has a lot to do with emerging market demand, and United is a North America pure-play. In addition, the company recently reported that August results were slightly above expectations.

Pricing Downside

United has admitted…

Click here to continue reading

My book is on sale for just $0.99 through the end of September only!

Then it goes back to its regular price of $79.99, so you’d better get it now….

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!