Hertz surges after first profit in two years on fleet overhaul, cost cuts

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Go back to Hertz surges after first profit in two years on fleet overhaul, cost cuts

BofA Securities Reiterates Underperform Rating on Hertz Global (HTZ), PT $3.10, 'Liquidity position improves but more debt was raised'

November 4, 2025 9:18 AM EST

BofA Securities analyst John Babcock reiterated an Underperform rating and $3.10 price target on Hertz Global (NASDAQ: HTZ).

The analyst comments "HTZ reported 3Q:25 adjusted EBITDA results of $190mm, ahead BofA/Cons of $126mm/$176mm. The beat was driven by a combination of better RPU (0.8% above BofAe),... More