Morgan Stanley Lowers Price Target for Hertz Global Holdings
On June 30, Morgan Stanley analyst Andrew Percoco reduced the price target for Hertz Global (NASDAQ:HTZ) from $5 to $3 while maintaining a Hold rating. The downgrade is attributed to lower EBITDA forecasts due to higher-than-expected depreciation costs per unit.
Topics: EBITDA guidance Hertz Global Morgan Stanley stock price target