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Jefferies sidelined on Hertz (HTZ) as EVs limit near-term profitability
January 19, 2024 9:15 AM ESTJefferies downgraded Hertz (NASDAQ: HTZ) to a Hold rating (From Buy) and cut their 12-month price target to $8.00 (From $12.00) as they believe EV repair issues, higher opex and DPU may limit the rental car companys near-term profitability.
Jefferies recognizes that the stock is currently 10% lower than its 52-week low,... More
Morgan Stanley upgrades Hertz (HTZ) as rental company addresses EV challenges
January 18, 2024 8:38 AM ESTMorgan Stanley upgraded Hertz Global (NYSE: HTZ) to an Outperform rating (From Equal-Weight) and cut their 12-month price target to $15.00 ($16.00) after the rental company announced that they would be 20k Tesla (NASDAQ: TSLA) units from its 60k... More
