Deutsche Bank analyst Chris Woronka lowered the firm’s price target on Hertz to $27 from $29 and keeps a Buy rating on the shares. The analyst views the post-earnings strength in shares as a relief rally in response to management’s "generally benign" outlook on fleet costs for 2023. The firm believes Hertz has de-risked 2023 on its single most important operating metric. It also views the company’s commentary around current operating trends as "quite positive." The analyst thinks Hertz will "recapture some lost market share this year given a more favorable fleet position."
Published first on TheFly
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