Citi lowered the firm’s price target on Herc Holdings (HRI) to $165 from $185 and keeps a Buy rating on the shares. The firm says the ConExpo construction trade show indicated positive demand trends with a “significant pipeline of mega projects.” Citi is positive on the rental space with machinery. It upgraded Terex and moved Alliance Laudry to its top sector pick. The firm continues to have a positive outlook for U.S. construction.
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