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HTZ

Hertz

$15.66

-0.24 (-1.51%)

16:27
08/06/18
08/06
16:27
08/06/18
16:27

Hertz reports Q2 adjusted corporate EBTIDA $93M vs. $35M last year

  • 07

    Aug

HTZ Hertz
$15.66

-0.24 (-1.51%)

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.
06/26/18
MSCO
06/26/18
INITIATION
Target $30
MSCO
Underweight
Avis Budget resumed with an Underweight at Morgan Stanley
Morgan Stanley analyst Adam Jonas resumed coverage of Avis Budget (CAR) with an Underweight rating and $30 price target, as he believes the company, and the U.S. car rental industry, may have a hard time raising prices sufficiently to offset rising vehicle depreciation costs. Both Avis and Hertz (HTZ) are "heavily dependent" on the used car market and credit environment, said Jonas, who also reiterated an Underweight rating on Hertz, though he increased his price target on its shares to $15 from $13.

TODAY'S FREE FLY STORIES

LPL

LG Display

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APH

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RES

RPC, Inc.

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SAP

SAP

$126.94

12.1 (10.54%)

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TRK

Speedway Motorsports

$18.00

4.02 (28.76%)

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  • 01

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APC

Anadarko

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7.45 (11.62%)

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IFRX

InflaRx

$51.42

(0.00%)

09:43
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InflaRx analyst commentary at BMO Capital »

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OXY

Occidental Petroleum

$62.35

(0.00%)

, SNAP

Snap

$11.99

(0.00%)

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OXY

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$62.35

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SNAP

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$11.99

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APC

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$64.12

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T

AT&T

$32.11

(0.00%)

TXN

Texas Instruments

$116.37

(0.00%)

EBAY

eBay

$36.66

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SIRI

Sirius XM

$6.14

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CAT

Caterpillar

$142.08

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BX

Blackstone

$39.72

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TWTR

Twitter

$39.76

(0.00%)

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Treasury 5-year auction outlook: the $41 B continues to richen »

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HAS

Hasbro

$100.34

12.32 (14.00%)

09:39
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Hasbro analyst commentary at SunTrust »

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  • 16

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AMKR

Amkor Technology

$9.03

0.13 (1.46%)

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  • 02

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T

AT&T

$32.11

0.03 (0.09%)

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  • 24

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TV

Televisa

$10.54

-0.02 (-0.19%)

09:36
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Downgrade
Televisa rating change at New Street »

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  • 30

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RTRX

Retrophin

$19.71

-0.2 (-1.00%)

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SHW

Sherwin-Williams

$460.43

8.6 (1.90%)

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ARGO

Argo Group

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  • 11

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PAVM

PAVmed

$1.24

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  • 21

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VSAT

ViaSat

$88.62

0.14 (0.16%)

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INSM

Insmed

$31.58

1.04 (3.41%)

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Conference/Events
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  • 24

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OXY

Occidental Petroleum

$62.35

-0.69 (-1.09%)

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CARA

Cara Therapeutics

$18.90

1.21 (6.84%)

09:29
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  • 24

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TXN

Texas Instruments

$116.37

1.43 (1.24%)

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  • 25

    Apr

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INSW

International Seaways

, TNP

TEN, Ltd.

$3.36

-0.04 (-1.18%)

09:25
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INSW

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TNP

TEN, Ltd.

$3.36

-0.04 (-1.18%)

STNG

Scorpio Tankers

$24.97

0.96 (4.00%)

EURN

Euronav NV

$9.56

-0.155 (-1.60%)

DHT

DHT Holdings

$5.17

0.075 (1.47%)

ASC

Ardmore Shipping

$7.14

0.17 (2.44%)

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  • 02

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AAPL

Apple

$207.50

2.88 (1.41%)

09:22
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Periodicals
Kuo says Apple may launch new AirPods as soon as this year, CNBC reports »

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  • 30

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HRB

H&R Block

$26.32

-0.385 (-1.44%)

09:19
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H&R Block reports preliminary 2019 tax returns up 1.5% to 20.2M »

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