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Enter Symbol:
Essex Rental Corp. (ESSX) [hlAlert]

down 94.65 %

ESSEX RENT GROUP (ESSX) rated Outperform with price target $9 by Oppenheimer

Posted on: Tuesday,  Mar 30, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Essex Rental Corp. (NASDAQ: ESSX) on 03/30/2010, when the stock price was $6.74. Since
then, Essex Rental Corp. has lost 94.66% as of 12/23/2015's recent price of $0.36.
If you would have followed this Oppenheimer's recommendation on ESSX, you would have lost 94.65% of your investment in 2094 days.

Essex Rental Corp. conducts its operations through Essex Crane Rental Corp (Essex Crane). Essex Crane is a provider of lattice-boom crawler crane and attachment rental services and possesses fleets of such equipment in the United States. As of December 31, 2009, Essex Crane?s fleet size stood at more than 350 lattice-boom crawler cranes and a range of attachments which are made available to clients depending upon the lifting requirements of its customers, such as weight, pick and carry aspects, reach and angle of reach. Essex Crane rents its crawler cranes and attachments bare, meaning without an Essex Crane-supplied operator, and arranges the transportation of cranes and attachments for its customers in return for a charge for these services. Its operations consist of crawler crane and attachment rental, repair maintenance services, equipment transportation services and used equipment sales. On October 31, 2008, the Company acquired Essex Crane Rental Corp.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/30/2010 8:25 AM Buy
6.74 9.00
as of 12/31/2010
1 Week up  11.44 %
1 Month up  22.87 %
3 Months up  26.11 %
1 YTD down  -7.56 %

(*) Stock Price at the time of the recommendation.
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