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Morgan Stanley sees Hertz Global rally played out

Published 09/14/2017, 07:37 AM
© Reuters.  Morgan Stanley sees Hertz Global rally played out
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  • Morgan Stanley (NYSE:MS) sees a negative impact on car rental pricing for Hertz Global (NYSE:HTZ) from the hurricanes as it calls out a good exit point for investors.
  • Shares of Hertz are up 150% over the last 90 days, a powerful run that MS thinks has played out due to the challenged fundamental outlook for the car rental company.
  • The investment firm lowers Hertz to Underweight and sets a price target of $14.
  • Souece: Bloomberg
  • HTZ -4.93% premarket to $22.75.
  • Now read: Hertz: A Revolutionary New Business Model With Self-Driving Cars?


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