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Fly News Breaks for July 23, 2015
HTZ
Jul 23, 2015 | 08:12 EDT
As previously reported, Morgan Stanley downgraded Hertz to Underweight from Equal Weight with a $15 price target on shares. The firm believes consensus estimates remain too high and meaningful price increases are unlikely. Additionally, Morgan Stanley said competition from Uber-like ride sharing and new mobility models is accelerating faster than expected.
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