UPDATE: Morgan Stanley Reiterates On Hertz Global Holdings, Inc. As Stock Faces More Challenges Than Some Think

Courtesy of Benzinga.

In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Underweight rating on Hertz Global Holdings, Inc. (NYSE: HTZ), but removed the $19.00 price target.

In the report, Morgan Stanley noted, “A common theme we hear from investors is that car rental is much less competitive following the 4-to-3 consolidation and that prices can rise far more as long as everyone gets along. One investor recently told us: ‘HTZ is the easiest CEO job in the world.’ We have our doubts.”

Hertz Global Holdings closed on Wednesday at $27.70.

Posted-In: Adam Jonas Morgan StanleyAnalyst Color Price Target Analyst Ratings