Rename Public Folders and containing Outlook items
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You can rename Public Folders and containing Outlook items in one of the following ways:
Navigate to Public Folders on the tree view pane;
Afterwards, folder/item name field becomes editable, and you can enter the new name of the chosen Public Folder or containing Outlook item.
Double-clicking the folder on tree view pane or Public Folders list view pane opens the selected folder. You may utilize this feature to view the contents of folders or access the containing items on the Public Folders list view pane.
You may also rename Public Folders and containing items directly in Microsoft Outlook, the same way you rename ordinary Outlook folders and items.