Barclays analyst Adam Seiden believes the selloff in shares of Herc Holdings (HRI) following United Rentals (URI) earnings report presents a buying opportunity. Earnings expectations and time utilization were the two most negative drivers to United Rentals shares, and Herc is likely to outperform on both, Seiden tells investors in a research note. He believes the company "could be approaching a breakout point in 2018." The analyst keeps an Overweight rating on Herc Holdings with a $75 price target.
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