Goldman Sachs Downgrades Hertz Global Holdings to Sell, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Lizzie Dove downgraded Hertz Global Holdings (HTZ) from Neutral to Sell and reduced the price target from $8 to $7. This adjustment reflects a more bearish outlook on the company's stock.
April 04, 2024 | 9:49 am
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Goldman Sachs downgraded Hertz Global Holdings to Sell and lowered the price target to $7, indicating a bearish outlook.
The downgrade from Neutral to Sell by a prominent analyst at Goldman Sachs, along with a reduction in the price target, suggests a negative outlook on Hertz Global Holdings' stock. This is likely due to concerns over the company's future performance or market conditions that could impact its stock negatively. Such a move by a major financial institution can influence market sentiment and potentially lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100