UBS analyst Steven Fisher upgraded United Rentals (URI) to Buy from Neutral with an unchanged price target of $1,025. The firm believes a rebound in U.S. non-residential construction activity in the second half of 2026 will drive an acceleration in the company’s EBITDA growth. UBS sees 5% EBITDA growth in 2026, with additional upside from potential acquisitions over the next year. The stock is pricing in EBITDA that is 15% below UBS’ 2027 estimate of $8.3B, the firm contends.
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