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

In a report published Thursday, Morgan Stanley analyst Adam Jonas reiterated an Underweight rating on

, 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.