Jefferies Downgrades Hertz Global Holdings to Hold, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Stephanie Moore has downgraded Hertz Global Holdings (HTZ) from Buy to Hold and reduced the price target from $12 to $8.

January 19, 2024 | 10:53 am
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Jefferies analyst downgraded Hertz Global Holdings from Buy to Hold and lowered the price target from $12 to $8.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected future performance, which may also negatively impact investor sentiment.
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