United Rentals price target raised to $460 from $425 at Argus

Argus analyst John Eade raised the firm’s price target on United Rentals to $460 from $425 and keeps a Buy rating on the shares. The analyst is positive on the company’s ability to navigate high inflation as well as its adoption of new technology that will help it to grow in a post-COVID world. Argus adds that the board’s recently instituted quarterly dividend is a “sign of confidence” for United Rentals.