Susquehanna analyst Christopher Stathoulopoulos raised the firm’s price target on Hertz to $20 from $18 and keeps a Neutral rating on the shares. The analyst said management indicated the environment which has allowed Hertz to over-earn through the pandemic is gradually moving towards a more normalized supply/demand dynamic, Susquehanna believes Hertz’s revenue initiatives, cost focus, and productivity helping to offset what is likely to be a significant decline in current and out-year EBITDA.
Published first on TheFly
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