JP Morgan Downgrades Hertz Global Holdings to Underweight
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has downgraded Hertz Global Holdings (NASDAQ:HTZ) from Neutral to Underweight, indicating a less favorable outlook for the company's stock.
October 21, 2024 | 12:26 pm
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JP Morgan analyst Ryan Brinkman downgraded Hertz Global Holdings from Neutral to Underweight, suggesting a less favorable outlook for the stock.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan typically signals a negative outlook on the stock, which can lead to a decrease in investor confidence and potential selling pressure.
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