RSC Holdings Shares Climb After Analyst Upgrade

Shares of RSC Holdings Inc. jumped Friday while broader stock indexes fell slightly after an Oppenheimer analyst upgraded the heavy equipment rental company's stock to "outperform" from "perform."

Analyst Scott Schneeberger said in a research note he has greater confidence in the company's performance for 2011 and beyond. He said improved rental rates in early 2011, coupled with a building recovery in business activity should speed up growth in the company's earnings before interest, taxes, depreciation and amortization, or EBITDA.

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