Wells Fargo analyst Seth Weber lowered the firm’s price target on Herc Holdings to $150 from $165 and keeps an Overweight rating on the shares. The firm notes the company’s Q3 results/outlook tweak directionally consistent with its expectations. Wells Overweight rating reflects its view that the equipment rental operators are well positioned for the ramp in stimulus/mega project activity that it expects ahead.
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- Herc Holdings price target lowered to $150 from $170 at KeyBanc
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