Oppenheimer analyst Ian Zaffino lowered the firm’s price target on Hertz to $21 from $25 and keeps an Outperform rating on the shares. Demand appears solid, and Oppenheimer continues to expect utilizations to improve quarter-over-quarter, the analyst tells investors in a research note.
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 HTZ:
- Hertz announces departure of COO Paul Stone
- What You Missed This Week in EVs and Clean Energy
- Hertz in pact with all-electric ride sharing company Revel, NY Post says
- Hertz Global Holdings put volume heavy and directionally bearish
- ‘We See Healthy Upside Ahead’: Billionaire Dan Loeb Uses These 2 ‘Strong Buy’ Stocks to Bet on Favorable Economic Conditions