Jim Cramer Disagrees With Barclays Recent Underweight Rating on United Rentals

United Rentals, Inc. (NYSE:URI) is one of the stocks that Jim Cramer shared thoughts on. Cramer mentioned the stock during the episode and criticized its recent sell rating.

“Barclays seems to have bought into a theory that we’re heading into recession or something, or at least a capital spending drought. That hasn’t played out. So today, they raised a whole bunch of price targets in the capital goods sector, but they raised them to well below where the stocks are already trading. They took… United Rentals, $565 to $620. Stock’s at $778. The firm even had a Sell on that one. These, those are just plain wrong, and they still need stock to come down a lot.”

A construction crew working in the field with earthmoving equipment illuminated by a setting sun.

United Rentals (NYSE:URI) rents a wide range of construction and industrial equipment, including tools, aerial platforms, trench safety gear, and power systems. The company also sells equipment, parts, and safety supplies and provides repair and maintenance services.