Morgan Stanley analyst Adam Jones upgraded Hertz two notches to Overweight from Underweight and maintained his $13 price target on shares. The analyst said investor sentiment and consensus expectations now overly reflect the competitive environment and vulnerability to ride sharing. Additionally, management has laid out a bold cost savings plan in recognition of the highly competitive nature of the car rental market. Jones said new management is confronting challenges and believes it can lead a change in organizational culture, disrupting old practices adn conventional thought.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here