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Herc Holdings price target raised to $53 from $44 at RBC Capital » 09:22
10/23/20
10/23
09:22
10/23/20
09:22
HRI

Herc Holdings

$44.87 /

-0.78 (-1.71%)

RBC Capital analyst Seth…

RBC Capital analyst Seth Weber raised the firm's price target on Herc Holdings to $53 from $44 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company's end markets are coming off their trough levels, while the management's "good" operating and capital expenditure discipline "bodes well" for its profitability, the analyst tells investors in a research note.

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HRI Herc Holdings
$44.87 /

-0.78 (-1.71%)

HRI Herc Holdings
$44.87 /

-0.78 (-1.71%)

07/08/20
Fly Intel: Top five analyst upgrades
07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
HRI Herc Holdings
$44.87 /

-0.78 (-1.71%)

Hot Stocks
Herc Holdings raises 2020 adjusted EBITDA view to $655M-$675M from $625M-$650M » 06:34
10/22/20
10/22
06:34
10/22/20
06:34
HRI

Herc Holdings

$45.60 /

+0.05 (+0.11%)

Backs net fleet capital…

Backs net fleet capital expenditures view of $190M-$210M. "Our improving efficiency in Q3 reflects our ability to manage through challenging times," said CEO Silber. "We currently estimate Q4 fleet on rent is likely to decline approximately 4% to 6% and rental revenue to decline approximately 6% to 8% year-over-year. Adjusted EBITDA margin for the fourth quarter and full year should improve versus the comparable prior-year periods. Our strong free cash flow position for the nine-month period ending September 30, 2020, is already substantially higher than the amount we generated for the full year 2019, and should continue to improve during the remainder of the year. With reduced leverage and ample liquidity, we are well positioned for 2021".

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HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

07/08/20
Fly Intel: Top five analyst upgrades
07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

Earnings
Herc Holdings reports Q3 adjusted EPS $1.35, consensus 80c » 06:32
10/22/20
10/22
06:32
10/22/20
06:32
HRI

Herc Holdings

$45.60 /

+0.05 (+0.11%)

Reports Q3 revenue…

Reports Q3 revenue $456.7M, consensus $427.86M. "Volume improved sequentially throughout Q3 as many of our markets steadily recovered from the impact of COVID-19 and normal seasonality returned to the business," said CEO Larry Silber. "We continued to improve adjusted EBITDA margin as our operating efficiency and cost control initiatives reduced Q3 costs compared to the prior year. Despite the challenging business environment, our customer and industry diversification strategy continued to demonstrate the resilience of our business model".

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HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

07/08/20
Fly Intel: Top five analyst upgrades
07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
HRI Herc Holdings
$45.60 /

+0.05 (+0.11%)

Over a quarter ago
Hot Stocks
Herc Holdings lowers 2020 Adjusted EBITDA view to $625M-$650M from $760M-$790M » 06:39
07/23/20
07/23
06:39
07/23/20
06:39
HRI

Herc Holdings

$35.42 /

+0.12 (+0.34%)

Estimates the volume of…

Estimates the volume of fleet on rent in the second half is likely to decline approximately 8% to 13% year-over-year. Estimates equipment rental revenue in the second half will be down about 10% to 15% year-over-year.

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HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

07/08/20
Fly Intel: Top five analyst upgrades
07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

Earnings
Herc Holdings reports Q2 EPS 25c, consensus (60c) » 06:37
07/23/20
07/23
06:37
07/23/20
06:37
HRI

Herc Holdings

$35.42 /

+0.12 (+0.34%)

Reports Q2 revenue…

Reports Q2 revenue $368.0M, consensus $355.06M. CEO Larry Silber stated, "We maintained rates and did an excellent job of controlling costs in a challenging quarter. We took actions in 2019 to focus on disciplined capital expenditures and margin improvements, and with these programs in place, we were in a good position when the COVID-19 pandemic hit to intensify our cost control initiatives in line with business conditions. Despite the significant impact to our revenues, we were able to improve adjusted EBITDA margin by 380 basis points to 40.6% in the second quarter compared to the prior-year period. Our highest priority remains the safety of our employees and our customers and we have continued to maintain strict adherence to the Centers for Disease Control and Prevention's guidelines in our operations and interactions with customers. Our strategy to diversify our customers and fleet through specialty services has partially offset the overall impact of the pandemic on rental revenue. We are very pleased with the performance of our ProSolutions team in particular, as they continued to generate strong year-over-year growth during this healthcare crisis," Silber said.

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HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

07/08/20
Fly Intel: Top five analyst upgrades
07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
HRI Herc Holdings
$35.42 /

+0.12 (+0.34%)

Upgrade
Fly Intel: Top five analyst upgrades » 10:05
07/08/20
07/08
10:05
07/08/20
10:05
KSS

Kohl's

$20.87 /

+0.57 (+2.81%)

, NKLA

Nikola

$50.60 /

+10.35 (+25.71%)

, SPGI

S&P Global

$351.18 /

+10.24 (+3.00%)

, MMS

Maximus

$71.85 /

+0.835 (+1.18%)

, CAT

Caterpillar

$128.78 /

+1.65 (+1.30%)

, HRI

Herc Holdings

$29.66 /

+0.62 (+2.13%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kohl's (KSS) upgraded to Buy from Neutral at BofA with analyst Lorraine Hutchinson saying the department store stocks have performed similarly year-to-date, but as the reopening phase continues, investors will begin to differentiate between different business model. 2. Nikola (NKLA) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster saying the shares, after falling 40% in month-to-date in July, are starting to look attractive for long-term investors ahead of a "number of potential positive catalysts in coming weeks and months." 3. S&P Global (SPGI) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst George Tong saying S&P is a "classic compounder," with a wide "competitive moat" across its business lines. 4. Maximus (MMS) upgraded to Strong Buy from Market Perform at Raymond James with analyst Brian Gesuale saying the upgrade is based on Maximus' unique position administering social programs and his belief that it will pivot to organic growth in fiscal 2021 for the first time since fiscal 2017. 5. Herc Holdings (HRI) was upgraded to Buy from Neutral at BofA, while Caterpillar (CAT) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SPGI S&P Global
$351.18 /

+10.24 (+3.00%)

NKLA Nikola
$50.60 /

+10.35 (+25.71%)

MMS Maximus
$71.85 /

+0.835 (+1.18%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

HRI Herc Holdings
$29.66 /

+0.62 (+2.13%)

CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

07/08/20 BofA
Kohl's upgraded to Buy from Neutral at BofA
07/08/20 BofA
Kohl's upgraded to Buy from Neutral at BofA
06/24/20 B. Riley Securities
Hanesbrands products largely sold out at Walmart and Target, says B. Riley FBR
05/20/20 Deutsche Bank
Kohl's price target lowered to $23 from $26 at Deutsche Bank
NKLA Nikola
$50.60 /

+10.35 (+25.71%)

07/08/20 JPMorgan
JPMorgan upgrades Nikola to Overweight after 40% July selloff
07/08/20 JPMorgan
Nikola upgraded to Overweight from Neutral at JPMorgan
07/07/20 RBC Capital
Nikola initiated with a Sector Perform at RBC Capital
06/22/20
Fly Intel: Top five analyst initiations
SPGI S&P Global
$351.18 /

+10.24 (+3.00%)

07/08/20 Goldman Sachs
S&P Global upgraded to Conviction Buy from Buy at Goldman Sachs
06/08/20 BMO Capital
S&P Global price target raised to $365 from $322 at BMO Capital
05/29/20 Credit Suisse
S&P Global initiated with an Outperform at Credit Suisse
05/18/20 Oppenheimer
S&P Global initiated with an Outperform at Oppenheimer
MMS Maximus
$71.85 /

+0.835 (+1.18%)

07/08/20 Raymond James
Maximus upgraded to Strong Buy from Market Perform at Raymond James
07/08/20 Raymond James
Maximus upgraded to Strong Buy from Market Perform at Raymond James
06/24/20 KeyBanc
Maximus upgraded to Overweight from Sector Weight at KeyBanc
06/23/20 KeyBanc
Maximus upgraded to Overweight from Sector Weight at KeyBanc
CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

07/08/20 BofA
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA
07/08/20 BofA
Caterpillar upgraded to Neutral from Underperform at BofA
07/01/20
Fly Intel: Top five analyst upgrades
07/01/20 Deutsche Bank
Caterpillar resumed with a Buy from Hold at Deutsche Bank
HRI Herc Holdings
$29.66 /

+0.62 (+2.13%)

07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
SPGI S&P Global
$351.18 /

+10.24 (+3.00%)

MMS Maximus
$71.85 /

+0.835 (+1.18%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

HRI Herc Holdings
$29.66 /

+0.62 (+2.13%)

CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

SPGI S&P Global
$351.18 /

+10.24 (+3.00%)

NKLA Nikola
$50.60 /

+10.35 (+25.71%)

MMS Maximus
$71.85 /

+0.835 (+1.18%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

SPGI S&P Global
$351.18 /

+10.24 (+3.00%)

NKLA Nikola
$50.60 /

+10.35 (+25.71%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

NKLA Nikola
$50.60 /

+10.35 (+25.71%)

KSS Kohl's
$20.87 /

+0.57 (+2.81%)

CAT Caterpillar
$128.78 /

+1.65 (+1.30%)

Upgrade
Herc Holdings upgraded to Buy, Caterpillar upgraded to Neutral at BofA » 06:19
07/08/20
07/08
06:19
07/08/20
06:19
CAT

Caterpillar

$127.13 /

-2.35 (-1.81%)

, HRI

Herc Holdings

$29.04 /

-2.02 (-6.50%)

BofA analyst Ross Gilardi…

BofA analyst Ross Gilardi upgraded Herc Holdings (HRI) to Buy from Neutral and Caterpillar (CAT) to Neutral from Sell, citing improving economic data and more "consistent" dealer survey findings. While the trajectory of the economic recovery remains uncertain given the spiking sunbelt state pandemic cases and deteriorating U.S.-China relations, the analyst writes in his research note, economic data points around payrolls, ISM, consumer confidence, and early earnings are surprising to the upside. Gilardi adds that his construction dealer survey of 71 dealers was "not as bad as expected."

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HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

07/08/20 BofA
Caterpillar upgraded to Neutral from Underperform at BofA
07/01/20
Fly Intel: Top five analyst upgrades
07/01/20 Deutsche Bank
Caterpillar resumed with a Buy from Hold at Deutsche Bank
06/30/20 Deutsche Bank
Caterpillar upgraded to Buy from Hold at Deutsche Bank
HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

07/08/20 BofA
Herc Holdings upgraded to Buy from Neutral at BofA
06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

CAT Caterpillar
$127.13 /

-2.35 (-1.81%)

Upgrade
Herc Holdings upgraded to Buy from Neutral at BofA » 06:08
07/08/20
07/08
06:08
07/08/20
06:08
HRI

Herc Holdings

$29.04 /

-2.02 (-6.50%)

BofA upgraded Herc…

BofA upgraded Herc Holdings to Buy from Neutral.

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HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

06/08/20 Baird
Herc Holdings initiated with an Outperform at Baird
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/20/19
Fly Intel: Top five analyst upgrades
HRI Herc Holdings
$29.04 /

-2.02 (-6.50%)

Initiation
Herc Holdings initiated with an Outperform at Baird » 16:18
06/08/20
06/08
16:18
06/08/20
16:18
HRI

Herc Holdings

$35.26 /

+1.22 (+3.58%)

Baird analyst Mircea…

Baird analyst Mircea Dobre initiated coverage of Herc Holdings with an Outperform rating and $40 price target.

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HRI Herc Holdings
$35.26 /

+1.22 (+3.58%)

HRI Herc Holdings
$35.26 /

+1.22 (+3.58%)

09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/20/19
Fly Intel: Top five analyst upgrades
09/20/19 Goldman Sachs
Herc Holdings upgraded to Buy from Sell at Goldman Sachs
HRI Herc Holdings
$35.26 /

+1.22 (+3.58%)

Earnings
Herc Holdings withdraws FY20 guidance » 06:36
04/23/20
04/23
06:36
04/23/20
06:36
HRI

Herc Holdings

$21.28 /

+0.83 (+4.06%)

Herc Holdings CEO Larry…

Herc Holdings CEO Larry Silber stated, "We have cut variable costs and taken steps to substantially reduce our capital expenditures to conserve capital. As of the end of Q1, we had ample liquidity of $1.1B. These unprecedented times make it difficult to predict the length of the economic slowdown related to the COVID-19 pandemic or the full impact on our business. As a result, we are withdrawing our 2020 guidance. Nonetheless, we believe the steps we have taken provide ample liquidity to fund our business in 2020 and beyond (...) We remain ready to support our customers' operations in whatever capacity we can during this uncertain time and especially when construction and business activities resume. (...)"

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HRI Herc Holdings
$21.28 /

+0.83 (+4.06%)

09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/26/19 BofA
Herc Holdings downgraded to Neutral from Buy at BofA/Merrill
09/20/19
Fly Intel: Top five analyst upgrades
09/20/19 Goldman Sachs
Herc Holdings upgraded to Buy from Sell at Goldman Sachs

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