Hertz Global eyes worst day on record as EV rental business falters

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Hertz Global (HTZ) PT Lowered to $4.80 at Deutsche Bank

April 29, 2024 7:07 AM EDT

Deutsche Bank analyst Chris Woronka lowered the price target on Hertz Global (NASDAQ: HTZ) to $4.80 (from $6.00) while maintaining a Hold rating.

The analyst comments "We thought new CEO Gil West said a lot of the right things during last week's 1Q24 earnings call. But the devil is always in the details, and the hard part--execution--still lies ahead. One of our key musings is that at least a few of HTZ's turnaround initiatives may be difficult to achieve without at... More