Hertz Global shares are trading lower after Oppenheimer maintained an Outperform rating on the stock but lowered its price target from $25 to $21.
Portfolio Pulse from Benzinga Newsdesk
Hertz Global's stock is trading lower after Oppenheimer maintained an Outperform rating but lowered its price target from $25 to $21.
September 22, 2023 | 4:25 pm
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NEGATIVE IMPACT
Hertz Global's stock price is expected to be negatively impacted in the short term due to Oppenheimer's lowered price target.
Oppenheimer's decision to lower its price target for Hertz Global from $25 to $21, despite maintaining an Outperform rating, has led to a decrease in the company's stock price. This suggests that investors may have lost some confidence in the company's future performance, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100