Herc Holdings shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and lowered its price target from $150 to $140.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Herc Holdings from Buy to Underperform and reduced its price target from $150 to $140. This has led to a decrease in Herc Holdings' share price.
July 21, 2023 | 2:34 pm
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Herc Holdings' stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade from Buy to Underperform by B of A Securities is a negative signal to investors, which can lead to selling pressure and a decrease in the stock price. Additionally, the lowering of the price target from $150 to $140 suggests that the bank sees less upside potential in the stock, which can further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100