Soleil Securities Upgrades Hertz Global Holdings (HTZ) to Buy

May 20, 2008 7:57 AM EDT

Soleil Securities upgrades Hertz Global Holdings (NYSE: HTZ) from Hold to Buy with a $19 price target. The firm cited improving fundamentals with YOY improvement in US leisure rental car pricing and summer reservations.

The firm said, "Near term catalyst could be 5/28 analyst meeting as we think investors may be looking beyond what we see as a relatively weak 2Q."


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