Through the first three weeks of September, shares of Herc Holdings (NYSE: HRI) hadn't given investors much to celebrate, falling nearly 2%. But this week, things have turned around dramatically for the equipment-rental company. As of the market's close on Thursday, shares of Herc Holdings are up 19.9% for the week.
Besides an analyst's bullish take on the stock, investors have been inspired to pick up shares based on the company's upwardly revised 2021 forecast and its encouraging short-term outlook.
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Why Shares of Herc Holdings Are Soaring This Week