KeyBanc Starts Herc Holding (HRI) at Sector Weight

KeyBanc initiated coverage on Herc Holding (NYSE: HRI) with a Sector Weight rating. Analyst Joe Box expressed concern about the late-cycle in non-residential/equipment rental.

"HRI possesses unique catalysts such as a new mgmt team with operational levers that could help close the margin/growth profile gap with higher quality peers as well as takeout optionality when the spin tax consequences expire. Despite these favorable dynamics, because of our late-cycle non-residential/equipment rental view, we prefer to wait for more attractive valuation," said Box.

For an analyst ratings summary and ratings history on Herc Holding click here. For more ratings news on Herc Holding click here.

Shares of Herc Holding closed at $31.05 yesterday.

You May Also Be Interested In

• Macquarie Double Upgrades Kinsus Interconnect Technology Corp (3189:TT) to Outperform
• Herc Holding (HRI) PT Raised to $220 at Baird
• 'Okta, Inc (OKTA) Well Positioned'; PT Raised to $175 at KeyBanc