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Fly News Breaks for August 12, 2015
HTZ
Aug 12, 2015 | 07:03 EDT
Deutsche Bank analyst Chris Woronka says Hertz's Q2 results are not all that relevant to the company's broader turnaround story. Upcoming news regarding the likely commencement of a share repurchase and separation of the HERC equipment unit is likely to be well received, Woronka tells investors in a research note. He thinks the stock is well positioned for upside surprises and keeps a Buy rating on the name with a $27 price target.
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