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Stock impact report

Hertz Global Holdings, Inc. (HTZ) Surges 7.5%: Is This an Indication of Further Gains? [Yahoo! Finance]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 16.2% loss over the past four weeks. The uptick followed an upgrade of the HTZ stock by Morgan Stanley to overweight from equalweight. The Morgan Stanley analyst also increased the target price on HTZ. The analyst upgrade and target price increase came following Hertz's recent decision to sell around 20,000 electric vehicles from its fleet. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -102%. Revenues are expected to be $2.14 billion, up 5.4% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Hertz Global Holdings, Inc., the co Show less Read more
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