Soleil Securities Initiates Coverage on Dollar Thrifty Automotive Group (DTG) with a Hold
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Soleil Securities initiates coverage on Dollar Thrifty Automotive Group (NYSE: DTG) with a Hold. Price target $5.
Soleil analyst says, "Given the company's balance sheet flexibility and earnings potential, we believe there is little risk of breaking a debt covenant. While DTG and the car rental industry will likely continue to face headwinds, we believe the worst may be over, and the risk/reward is relatively balanced at current levels."
Dollar Thrifty Automotive Group, Inc. (DTG), through its subsidiaries, is primarily engaged in the business of daily rental of vehicles to business and leisure customers through Company-owned stores.
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