UBS analyst Steven Fisher raised the firm’s price target on United Rentals to $512 from $460 and keeps a Buy rating on the shares. The analyst notes that the firm’s latest rental survey continues to show strength in the non-residential construction market near term, with a growing number of megaprojects also highlighting the longer term visibility for United Rentals’ key markets. UBS also believes that there should be more EBITDA upgrades to consensus ahead for the company.
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