Morgan Stanley Downgrades Hertz Global (HTZ) to Equalweight, 'Continued Risks to Strategy'
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Go back to Morgan Stanley Downgrades Hertz Global (HTZ) to Equalweight, 'Continued Risks to Strategy'
February 7, 2024 7:42 AM EST
Deutsche Bank analyst Chris Woronka raised the price target on Hertz Global (NASDAQ: HTZ) to $10.00 (from $9.00) while maintaining a Hold rating.... More
February 6, 2024 9:51 AM EST
By Chibuike Oguh
NEW YORK (Reuters) -Shares of Hertz Global rallied from a record low in early trading on Tuesday after the car rental giant reported a bigger-than-expected fourth quarter loss.
Hertz's revenue rose 7% to $2.2 billion while its net loss widened to $348 million and an adjusted loss-per-share of $1.36. Wall Street analysts had expected an adjusted loss of 76 cents, according to LSEG data.
After the results were released the shares initially dropped nearly... More
February 6, 2024 7:32 AM EST
Hertz Global (NASDAQ: HTZ) reported Q4 EPS of ($1.36), $1.33 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.16 billion.
For earnings history and earnings-related data on Hertz Global (HTZ) click here.
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