Hertz Global Holdings shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $8 to $7.
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings' stock trades lower following a downgrade by Goldman Sachs from Neutral to Sell, with a reduced price target from $8 to $7.
April 04, 2024 | 11:09 am
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Hertz Global Holdings' stock is expected to face downward pressure in the short term due to the downgrade by Goldman Sachs from Neutral to Sell and a lower price target.
Analyst ratings, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. The downgrade to Sell suggests a bearish outlook on Hertz's stock, potentially leading to a decrease in its price as investors adjust their expectations. The reduction in the price target further emphasizes the expected negative performance, making it likely that the stock will experience downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100