Deutsche Bank analyst Chris Woronka lowered the firm’s price target on Hertz (HTZ) to $20 from $26 and keeps a Buy rating on the shares. The company kicks off Q3 car rental earnings on Thursday, October 26, with Avis Budget (CAR) to follow a week later, the analyst noted. Even if the pair’s Q3 reports contain limited surprises, the firm expects “a healthy debate to carry on post reporting season regarding the outlook for 2024” and lowered its price targets on both in light of it own 2024 forecast revisions, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CAR: