Morgan Stanley Reiterates Overweight on Hertz Global (HTZ) After Adjusting EPS Estimates

Morgan Stanley maintained an Overweight rating and $13.00 price target on Hertz Global (NYSE: HTZ) following the company's 1Q. Morgan Stanley's EPS estimates have been cut to $0.86, compared to the company's previous estimate of $0.96.

Analyst Adam Jonas commented, "Though our 2016 EPS estimates are among the lowest on the Street and well below guidance, we believe the challenges Hertz is facing with respect to pricing can provide the right set up leading into 2017. Trimming estimates; leaving PT unchanged. Reiterate OW."

For an analyst ratings summary and ratings history on Hertz Global click here. For more ratings news on Hertz Global click here.

Shares of Hertz Global closed at $8.67 yesterday.

You May Also Be Interested In

• BofA Securities Downgrades Principal Financial Group (PFG) to Underperform
• Evercore ISI Starts Procept BioRobotics Corp (PRCT) at Outperform
• JPMorgan Downgrades Tata Technologies (TATATECH:IN) to Underweight