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Fly News Breaks for July 17, 2015
CAR, HTZ
Jul 17, 2015 | 09:25 EDT
Deutsche Bank views Hertz's restatements and press release last night as a "game changer" that should reignite investor interest in the company and the rental car space. Hertz committed to a large share repurchase, the separation of its equipment rental unit, further cost cuts and reduced U.S. fleet growth in 2015, Deutsche tells investors in a research note. The firm keeps a Buy rating on the stock with a $24 price target. Earlier this week Deutsche upgraded both Hertz and Avis Budget (CAR) to Buy.
News For HTZ;CAR From the Last 2 Days
HTZ
Mar 26, 2024 | 13:26 EDT
Bullish option flow detected in Hertz Global Holdings with 5,354 calls trading, 3x expected, and implied vol increasing over 4 points to 63.40%. Jun-24 10 calls and Apr-24 7.5 calls are the most active options, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 0.06. Earnings are expected on April 25th.