Information Provided By:
Fly News Breaks for July 17, 2015
HTZ
Jul 17, 2015 | 09:24 EDT
Morgan Stanley said Hertz is up to date on SEC filings and provided 2015 guidance that appears better than consensus. The firm believes consensus estimates are mostly "stale" numbers since the company has not filed in 18 months. Morgan Stanley would use the spike in shares to reduce exposure and maintains its Equal Weight rating.