United Rentals Inc (URI) News & EventsURIUnited Rentals Inc

Morgan Stanley Calls Caterpillar Acquisition a Transitional Solution

After Caterpillar (CAT) announced an agreement to acquire John Fabick Tractor Company, a Cat dealer with midwest and southern exposure, Morgan Stanley called the deal "more of a temporary solution for an ownership transition than a change in strategy." The firm views a United Rentals (URI) selloff in response to Caterpillar and EquipmentShare (EQPT) announcements as "overdone and is thus a buying opportunity," the analyst tells investors. The firm has an Equal Weight rating on Caterpillar and an Overweight rating on United Rentals.

TJX Companies Elects Craig Pintoff to Board

The TJX Companies (TJX) announced that on September 16, its Board of Directors elected Craig Pintoff to the Board, effective immediately. Pintoff is Executive Vice President and Chief Administrative Officer of United Rentals (URI).

XPO Appoints Michael Kneeland to Board of Directors

XPO (XPO) announced that Michael Kneeland has joined the company's board of directors, effectively immediately. The appointment expands XPO's board to eight members, seven of whom are independent. Kneeland is non-executive chairman of United Rentals (URI).