Hertz shares regain traction after wider-than-expected Q4 loss

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Morgan Stanley Downgrades Hertz Global (HTZ) to Equalweight, 'Continued Risks to Strategy'

February 8, 2024 6:05 AM EST

Morgan Stanley analyst Adam Jonas downgraded Hertz Global (NASDAQ: HTZ) from Overweight to Equalweight with a price target of $10.00 (from $15.00).

The analyst comments "Following 4Q results, follow-up calls with management, channel checks, and further (negative) EV data points, we believe the... More