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Fly News Breaks for April 12, 2016
CAR, HTZ
Apr 12, 2016 | 05:44 EDT
Credit Suisse analyst Anjaneya Singh downgraded Hertz Global (HTZ) to Neutral citing lower confidence in the company's outlook following yesterday's Q1 preannouncement. Hertz indicated yesterday that weaker pricing would cause revenue per available car day to decline 2.5%-3.5%, Singh tells investors in a research note. The analyst had expected an increase of 4.1%. Singh lowered Hertz's price target to $12 from $15. The analyst dropped Avis Budget's (CAR) price target to $34 from $38 but keeps an Outperform rating on the name.
News For HTZ;CAR From the Last 2 Days
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