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
See today’s best-performing stocks on TipRanks >>
Read More on HRI: