Hertz Global (HTZ) Cuts Q1 Outlook; Notes Excess Industry Capacity
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April 12, 2016 6:31 AM EDT
Credit Suisse downgraded Hertz Global (NYSE: HTZ) from Outperform to Neutral with a price target of $12.00 (from $15.00), citing a lower confidence in the company's outlook.
Analyst Anjaneya Singh commented, "Since HTZ released its FY16 guidance ~5 months ago, it has seen two downward... More
April 11, 2016 1:19 PM EDT
MKM Partners maintained a Buy rating on Hertz Global (NYSE: HTZ), and cut the price target to $16.00 (from $17.00), following the close of first quarter revenues. HTZ lowered U.S. car rental revenue guidance, however, MKM believes that HERC and International car rental are... More
April 11, 2016 9:35 AM EDT
Deutsche Bank maintained a Buy rating on Hertz Global (NYSE: HTZ) with a price target of $18. Earlier Hertz lowered Q1 and FY guidance. In the view of analyst Chris Woronka, Q1 was was already expected to be weak.
"This morning, HTZ pre-announced expectedly soft 1Q16 U.S. rental car metrics and cut full-year revenue guidance for that segment as well. However, the company maintained its prior FY16 Adjusted EBITDA guidance of $1.6-$1.7bn and provided FY16 EPS of $0.95-$1.10... More
