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Fly News Breaks for August 9, 2017
HTZ
Aug 9, 2017 | 09:48 EDT
MKM Partners analyst Christopher Agnew believes Hertz's negative pricing and fleet cost trends bottomed in Q2, combined with a rebalancing and rightsizing of its fleet, which is now complete. Agnew expects per-unit fleet costs will improve sequentially in the second half and said the report points to a turn in fundamentals. The analyst rates Hertz a Buy with a $22 price target.
News For HTZ From the Last 2 Days
HTZ
Apr 26, 2024 | 10:06 EDT
HTZ
Apr 26, 2024 | 06:13 EDT
As previously reported, BofA downgraded Hertz to Underperform from Neutral with a price target of $3, down from $9, telling investors that the company's Q1 results "well below" BofA and Street estimates failed to allay concerns about higher fleet costs that are unlikely to meaningfully subside in the near-term. Liquidity is also an increasing concern and while the firm sees the company having multiple levers to manage its liquidity, it expects the company is "likely to end up with more leverage," the analyst added.
HTZ
Apr 26, 2024 | 06:05 EDT
BofA downgraded Hertz to Underperform from Neutral with a price target of $3, down from $9.
HTZ
Apr 25, 2024 | 16:29 EDT
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HTZ
Apr 25, 2024 | 12:09 EDT
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
HTZ
Apr 25, 2024 | 09:54 EDT
HTZ
Apr 25, 2024 | 07:30 EDT
