Morgan Stanley Downgrades Hertz Global Holdings to Equal-Weight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas downgraded Hertz Global Holdings (HTZ) from Overweight to Equal-Weight and reduced the price target from $15 to $10.
February 08, 2024 | 12:27 pm
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Morgan Stanley downgraded Hertz Global Holdings to Equal-Weight and lowered the price target to $10.
The downgrade by a major analyst like Morgan Stanley from Overweight to Equal-Weight, coupled with a significant reduction in the price target from $15 to $10, is likely to negatively impact investor sentiment towards Hertz Global Holdings in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst outlook.
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IMPORTANCE 90
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