Deutsche Bank Raises Hertz Price Target

Mar.15.07 | About: Hertz Global (HTZ)

The world’s largest car rental company, Hertz Global Holdings Inc. (NYSE:HTZ), got some help from its equipment rental division in the fourth quarter, as its financial results came in ahead of most analyst expectations.

On Monday, Hertz said it had record revenues in its first quarter since going public in November and the stock climbed as a result.

Deutsche Bank has a “buy” recommendation on Hertz shares and upped its price target to US$24 from US$21.

HTZ 1-yr chart:

HTZ 1-yr chart