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Herc Holdings price target raised to $175 from $160 at Barclays
The Fly

Herc Holdings price target raised to $175 from $160 at Barclays

Barclays analyst Adam Seiden raised the firm’s price target on Herc Holdings to $175 from $160 and keeps an Overweight rating on the shares. The analyst sees a "more modest year of gains ahead" after a multi-year run of outperformance for the broader machinery and construction space. He says his "conviction deepens after two weeks of strong performance to start 2023." Machinery has outperformed the S&P 500 Index by 20% over five years, Seiden tells investors in a research note.

Published first on TheFly

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