Oppenheimer Downgrades Hertz Global Holdings to Perform
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ian Zaffino has downgraded Hertz Global Holdings (NASDAQ:HTZ) from Outperform to Perform, indicating a neutral outlook on the company's stock.
December 13, 2023 | 1:46 pm
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NEUTRAL IMPACT
Hertz Global Holdings was downgraded by Oppenheimer from Outperform to Perform, suggesting that the stock may not outperform the market in the near term.
Analyst downgrades typically lead to a neutral or negative perception of the stock in the short term. However, since the downgrade is to Perform, it suggests a neutral stance rather than a negative one, which may not have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100