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HTZ

Hertz

$20.47

0.08 (0.39%)

08:35
03/13/18
03/13
08:35
03/13/18
08:35

Hertz enters global partnership with Eurowings

Hertz Europe Limited, part of Hertz Global Holdings, has signed a global partnership agreement with the European airline Eurowings, a Lufthansa subsidiary, and its frequent flyer program Boomerang Club. Hertz and Thrifty rentals are now available to Eurowings' customers from the Eurowings.com website, resulting in added convenience and car rental choice worldwide. Following the new partnership, Eurowings passengers will enjoy attractive offers and a broad choice of car rental options from Hertz and Thrifty, while accessing bespoke promotions and benefits. In addition, members of Boomerang Club will be able to earn a minimum of 500 Miles on their Hertz rentals and 250 Miles on their Thrifty rentals. To mark the start of the partnership, one of Eurowings' planes will soon feature Hertz branding on its exterior.

HTZ Hertz
$20.47

0.08 (0.39%)

02/28/18
MSCO
02/28/18
NO CHANGE
MSCO
Underweight
Hertz lack of 2018 guidance shouldn't be a surprise, says Morgan Stanley
Morgan Stanley analyst Adam Jonas said the fact that Hertz management did not provide financial guidance for 2018 should not be a surprise as the car rental industry "doesn't grow" and the company has total debt "far greater" than its total revenue. He believes management commentary on 2018 suggests elevated turnaround and transition expenses will continue before an improvement in 2019. Jonas, who still thinks Hertz may need to consider significant structural changes given the challenges facing the traditional car rental business model, keeps an Underweight rating on Hertz shares.
01/18/18
01/18/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Walmart (WMT) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Matthew Fassler saying selling consumables to middle-income consumers in small markets remains a compelling strategic position. 2. Hertz (HTZ) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying he is more bullish on 2018 rental car pricing given fleet cutting by Enterprise, the positive impact on corporate travel from tax reform, and the potential US infrastructure bill creating excess demand. For Hertz specifically. 3. Alarm.com (ALRM) upgraded to Buy from Hold at Jefferies analyst John DiFucci saying Alarm.com is at the forefront of the trend towards connected homes and devices. 4. PPL Corp. (PPL) upgraded to Buy from Hold at Deutsche Bank with analyst Jonathan Arnold saying the current valuation is "too cheap to ignore," and U.K. energy regulator Ofgem failing to implement a mid-period review of RIIO-ED1 offers "decent prospects for a near-term re-rating catalyst." 5. Fluor (FLR) upgraded to Outperform from Neutral at Credit Suisse with analyst Jamie Cook saying investors will gravitate back to Engineering & Construction stocks as fundamentals for the group are improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/18
MACQ
01/18/18
UPGRADE
MACQ
Outperform
Hertz upgraded to Outperform on improving industry trends at Macquarie
Macquarie analyst Hamzah Mazari upgraded Hertz to Outperform and raised its price target to $30 from $26. Mazari is more bullish on 2018 rental car pricing given fleet cutting by Enterprise, the positive impact on corporate travel from tax reform, and the potential US infrastructure bill creating excess demand. For Hertz specifically, Mazari said expectations are low, investment spending is rolling off, and the industry is operating as a more "functional oligopoly."
01/18/18
MACQ
01/18/18
UPGRADE
MACQ
Outperform
Hertz upgraded to Outperform from Neutral at Macquarie

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MMO

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Ventas

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HCP

HCP

$29.87

-0.36 (-1.19%)

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AKRX

Akorn

$4.25

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TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

$34.19

-1.07 (-3.03%)

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Nutrisystem

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TBAKF

Ted Baker

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Goldman Sachs

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TVTY

Tivity Health

$40.60

-0.27 (-0.66%)

, NTRI

Nutrisystem

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-1.07 (-3.03%)

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BXP

Boston Properties

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MRO

Marathon Oil

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NBL

Noble Energy

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PE

Parsley Energy

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BRY

Berry Petroleum

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CLR

Continental Resources

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DVN

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NHI

National Health Investors

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BIG

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