Hertz Global Holdings shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.
Portfolio Pulse from Benzinga Newsdesk
Hertz Global Holdings shares declined following a downgrade by JP Morgan from Neutral to Underweight.
October 21, 2024 | 4:38 pm
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NEGATIVE IMPACT
Hertz Global Holdings shares are experiencing a decline due to a downgrade by JP Morgan from Neutral to Underweight.
The downgrade by a major financial institution like JP Morgan typically signals a negative outlook, leading investors to sell off shares, thus causing a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100