HTZ - What's Going On With Hertz Stock Today? | Benzinga
Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares are trading higher Tuesday amid a rally in ‘meme stocks’ and high-short interest stocks after Roaring Kitty returned to social media.
The Details:
BofA Securities reiterated its rating of Underperform and price target of $3 on Hertz Global Tuesday amidst rising costs and liquidity concerns. BofA noted the company's inability to effectively match supply with demand via its fleeting and de-fleeting of vehicles and weaker used vehicle pricing which could keep Hertz's fleet costs elevated.
The firm also sees softer macro-economic conditions potentially leading to weakness in rental days and transactions for the company.
Hertz shares are moving higher on heavy volume Tuesday as the return of Roaring Kitty has led to a rally in high-short ...