Credit Suisse Reinstates Hertz Global (HTZ) at Outperform

Credit Suisse reinstates coverage on Hertz Global (NYSE: HTZ) with a Outperform rating and a price target of $23.00.

Analyst A. Singh commented, "We reinstate a rating on HTZ, now Outperform, post the company completing its restatement and providing an outlook. We assign a $23 TP to HTZ based on a SOTP analysis. We view HTZ filing restated financials to be a milestone for HTZ, as the company can its focus on getting back to full operating strength. We look towards HTZ making progress on targeted cost saves this year and next, executing on the DTG integration, and completing the HERC spin."

For an analyst ratings summary and ratings history on Hertz Global click here. For more ratings news on Hertz Global click here.

Shares of Hertz Global closed at $19.01 yesterday.

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