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Fly News Breaks for December 20, 2018
HTZ
Dec 20, 2018 | 08:29 EDT
Morgan Stanley analyst Adam Jonas updated his Hertz model following Q3 results and to reflect his latest thoughts on rising finance costs, secular pressures, and weakness in the firm's Rental Car Pricing Indicator. He lowered his 2020 EPS view to $1.10 from $1.14, noting that this is about 40% below the consensus view. Jonas maintains an Underweight rating and $15 price target on Hertz shares.
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