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UPDATE: Deutsche Bank Downgrades Hertz Global Due To Accounting Complications

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In a report released Wednesday, Deutsche Bank analyst Chris Woronka downgraded Hertz Global (NYSE: HTZ) from Buy to Hold, while reducing its price target from $33 to $25.

The downgrade was due to completions of the the company's accounting review influencing Hertz to reduce its full year 2014 guidance. Woronka comments on the 8K report regarding Herz issue, stating "it's difficult to find any positives in the report" including multiple reductions in guidance.

Deutsche Bank's $35 price target is based on a 2015 EPS forecast decrease from 15x to 14x.

Latest Ratings for HTZ

DateFirmActionFromTo
Nov 2019Initiates Coverage OnHold
Aug 2019UpgradesEqual-WeightOverweight
Mar 2019UpgradesUnderweightEqual-Weight

View More Analyst Ratings for HTZ
View the Latest Analyst Ratings

Posted-In: Chris Woronka Deutsche BankDowngrades Price Target Analyst Ratings

 

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