Universal Health Services continues to perform very well and has surpassed my $120 target.

I now believe it is time to sell the shares. I cannot justify raising the price target in front of the election, as the company faces prospects of a considerably higher tax rate in the event former Vice President Joseph Biden wins the presidency since the company has no foreign operations to offset any increase in U.S. tax rates.

In addition, I believe looking to lower high U.S. health care costs will be an issue in a Biden Administration, and hospital costs will not escape this scrutiny. Lock in profits and sell UHS.

If you are an Inner Circle Subscriber following the Model Portfolio, sell UHS.