UBS raised its price target for United Rentals to $1,145, citing robust construction and industrial rental demand data.
UBS increased its price target for United Rentals (URI) to $1,145 from $1,025 while maintaining a Buy rating. The firm highlighted encouraging industry data and branch manager surveys indicating healthy rental demand and positive momentum in construction and industrial markets.
Earlier, Evercore ISI analyst David Raso raised his price target to $1,101 from $1,019, reiterating an Outperform rating. The revisions reflect confidence in URI’s market leadership, pricing power, and exposure to infrastructure-related projects.
United Rentals, the largest equipment rental company in North America, serves construction, industrial, and municipal sectors with a broad range of rental equipment.