United Rentals price target raised to $650 from $490 at Argus

Argus analyst John Eade raised the firm’s price target on United Rentals to $650 from $490 and keeps a Buy rating on the shares. The firm is positive on the company’s ability to navigate the high-inflation economic environment, as well as with its adoption of new technology that will help it to grow in a post-COVID world, the analyst tells investors in a research note. Argus further cites the company’s focus on operational efficiencies that will support improvements in full-cycle margins and returns.