Herc Holdings price target lowered to $150 from $160 at KeyBanc

KeyBanc lowered the firm’s price target on Herc Holdings to $150 from $160 and keeps an Overweight rating on the shares. Results in the quarter were mixed, with higher revenues driven by used equipment sales offset by lower EBITDA from mix challenges in the Entertainment business and a return to more typical seasonality in Q1, the analyst tells investors in a research note.