Jefferies Downgrades Hertz Global (HTZ) to Hold, 'EV Issues HERTZ Near- Term Profitability'
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Jefferies sidelined on Hertz (HTZ) as EVs limit near-term profitability
January 19, 2024 9:15 AM ESTJefferies downgraded Hertz (NASDAQ: HTZ) to a Hold rating (From Buy) and cut their 12-month price target to $8.00 (From $12.00) as they believe EV repair issues, higher opex and DPU may limit the rental car companys near-term profitability.
Jefferies recognizes that the stock is currently 10% lower than its 52-week low,... More
Morgan Stanley upgrades Hertz (HTZ) as rental company addresses EV challenges
January 18, 2024 8:38 AM ESTMorgan Stanley upgraded Hertz Global (NYSE: HTZ) to an Outperform rating (From Equal-Weight) and cut their 12-month price target to $15.00 ($16.00) after the rental company announced that they would be 20k Tesla (NASDAQ: TSLA) units from its 60k... More
Midday movers: Apple climbs, Humana slumps, and more
January 18, 2024 8:09 AM EST(Updated - January 18, 2024 11:45 AM EST)
Investing.com -- Main U.S. indexes were mixed Thursday, with the Nasdaq and S&P 500 lifted by strength in chip stocks and Apple, while the Dow treaded water due to weakness in health insurers.
Here are some of the biggest U.S. stock movers today:
Apple (NASDAQ: AAPL) stock rose 3.3% after Bank of America upgraded its stance on the tech giant to buy from neutral, expecting the upcoming launch of Vision... More
After-hours movers: Discover Financial, Hertz, Plug Power and more
January 17, 2024 4:42 PM ESTAfter-Hours Stock Movers:
Discover Financial Services (NYSE: DFS) declined 5.7% after it reported fourth quarter EPS of $1.54, $0.99 worse than the analyst estimate of $2.53. Revenue for the quarter came in at $4.2 billion, slightly better than the consensus estimate of $4.11 billion.
Morgan Stanley Upgrades Hertz Global (HTZ) to Overweight, 'Upfront pain, long term risk mitigation'
January 17, 2024 4:11 PM ESTMorgan Stanley analyst Adam Jonas upgraded Hertz Global (NASDAQ: HTZ) from Equalweight to Overweight with a price target of $15.00 (from $16.00).
The analyst comments "Upfront pain, long term risk mitigation HTZ's aggressive EV strategy has exacerbated significant challenges in both fleet cost and opex/unit,... More
