On Oct 24, major Wall Street analysts update their ratings for $Herc Holdings (HRI.US)$, with price targets ranging from $240 to $250.
J.P. Morgan analyst Tami Zakaria maintains with a hold rating, and adjusts the target price from $200 to $240.
BofA Securities analyst Sherif El-Sabbahy maintains with a sell rating.
Barclays analyst Adam Seiden maintains with a buy rating, and adjusts the target price from $175 to $250.
KeyBanc analyst Kenneth Newman maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Herc Holdings (HRI.US)$'s main analysts recently are as follows:
Contrary to the pessimistic forecasts of an earnings shortfall and reduced guidance, the company's Q3 earnings report was relatively solid, featuring a surpass and elevation of rental revenue. It has been noted that rental pricing discipline remains intact despite the soft demand encountered in localized markets.
The assessment indicates that Herc Holdings' significant valuation discount compared to its peers is potentially untenable. With parallels in fleet composition, customer base, and regional exposure, as well as macroeconomic drivers favoring the company—coupled with reduced risks associated with large-scale projects and heightened local macro benefits—the perspective is positive.
Here are the latest investment ratings and price targets for $Herc Holdings (HRI.US)$ from 4 analysts:
Note:
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