United Rentals price target raised to $527 from $458 at UBS

UBS analyst Steven Fisher raised the firm’s price target on United Rentals to $527 from $458 and keeps a Buy rating on the shares. The firm notes stronger than anticipated construction activity, where there is particular strength in manufacturing and infrastructure, and continued resilience in consumer oriented categories, the analyst tells investors in a research note. The positive near-term setup, coupled with increasing visibility to long-term demand, warrants more robust estimates and a higher multiple, UBS contends.