Hertz Completes Financial Restatement; Provides 2015 Business Outlook
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Hertz Global's (HTZ) Price Target Raised to $27 at Deutsche Bank
July 20, 2015 10:52 AM EDTDeutsche Bank maintained a Buy rating on Hertz Global (NYSE: HTZ) and raised its price target to $27.00 (from $24.00). Analyst Chris Woronka continues the believe the stock will gain momentum following the company's recent update.
"Following HTZ's release of quarterly financials for 2014 and... More
Credit Suisse Reinstates Hertz Global (HTZ) at Outperform
July 20, 2015 6:37 AM EDTCredit 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... More
Hertz (HTZ) Gains Seen as Opportunity to 'Reduce Exposure' - Morgan Stanley
July 17, 2015 10:49 AM EDTMorgan Stanley maintained an Equalweight rating on Hertz Global (NYSE: HTZ) with a price target of $16. Shares rallied after the company restated its financials and updated its business outlook. Analyst Adam Jonas called gains a "selling opportunity" and said he would use today's spike to "reduce exposure."
"Sentiment was as low on this name as any N. American stock we
have covered over the past 5 years. We had been speaking with investors prepared for... More
Hertz Global (HTZ) said it would consider bids for HERC - Bloomberg
July 17, 2015 9:06 AM EDTHertz Global (NYSE: HTZ) said it would consider bids for HERC - Bloomberg
... MoreHertz's (HTZ) Update Seen as 'Game Changer' - Deutsche Bank
July 17, 2015 8:44 AM EDTDeutsche Bank maintained a Buy rating on Hertz Global (NYSE: HTZ) with a price target of $24. Yesterday Hertz filed restated financials for 2011-13 and initial filings for FY14 and 1Q15. Analyst Chris Woronka noted the updated also affirmed several positive catalysts, and he called the press release a "game changer."
Woronka explained, "Importantly, HTZ also provided an update on a host of... More
Hertz Global (HTZ) Files 10-K for FY14; Remains Committed to $1B Buyback Plan
July 16, 2015 4:19 PM EDTHertz Global (NYSE: HTZ) announced that it has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2014, which includes the restated results for 2012 and 2013 as well as selected unaudited restated financial information for 2011. In addition, the Company has filed its Quarterly Report on Form 10-Q for the period ending March 31, 2015. The Company is now up to date on all of its filings with the Securities and Exchange Commission (the "SEC") and with its NYSE listing requirements.
Hertz also announced today progress on its planned separation of its equipment rental business... More
