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HTZ

Hertz

$18.27

0.68 (3.87%)

06:31
06/19/18
06/19
06:31
06/19/18
06:31

Car-rental companies push for car-sharing services to be regulated, WSJ says

U.S. state legislatures and courts are considering whether private cars rented through apps are rental cars to determine whether peer-to-peer car-sharing services can be regulated the same way as traditional car-rental companies, the Wall Street Journal reports, citing lobbyists. The dispute involves car-sharing startups Turo and Getaround and car-rental giants like Enterprise Rent-A-Car Holdings and Hertz Global Holdings and some cities and states are getting involved, seeing a potential source of revenue in regulating the new entrants. Reference Link

HTZ Hertz
$18.27

0.68 (3.87%)

01/18/18
MACQ
01/18/18
UPGRADE
MACQ
Outperform
Hertz upgraded to Outperform from Neutral at Macquarie
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
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.
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.

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LIVN

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KO

Coca-Cola

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KO

Coca-Cola

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0.37 (0.82%)

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KR

Kroger

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UAA

Under Armour

$21.26

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, UA

Under Armour

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COUP

Coupa Software

$92.39

-1.36 (-1.45%)

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OHRP

Ohr Pharmaceutical

$2.01

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IMDZ

Immune Design

$5.81

4.385 (307.72%)

, MRK

Merck

$79.79

0.35 (0.44%)

10:46
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Downgrade
Immune Design, Merck rating change  »

Immune Design downgraded…

IMDZ

Immune Design

$5.81

4.385 (307.72%)

MRK

Merck

$79.79

0.35 (0.44%)

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ANET

Arista Networks

$266.95

-3.58 (-1.32%)

10:45
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NKE

Nike

$83.97

-0.87 (-1.03%)

10:40
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On The Fly
Analyst sees 'minimal' lasting damage to Nike brand after Duke star's shoe splits »

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WFT

Weatherford

$0.79

-0.0263 (-3.21%)

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10.1K Weatherford Mar 1 calls trade as shares drop 2c to 80c »

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KAR

KAR Auction

$48.30

1.56 (3.34%)

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NCLH

Norwegian Cruise Line

$55.71

1.99 (3.70%)

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BSX

Boston Scientific

$40.03

-0.1 (-0.25%)

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SNPS

Synopsys

$100.68

-2.3 (-2.23%)

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NWL

Newell Brands

$17.18

0.05 (0.29%)

10:25
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Conference/Events
Morgan Stanley consumer goods analysts to hold analyst/industry conference call »

Executive Director of…

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