Confidence in Hertz Global weak even after CEO switch

|About: Hertz Global Holdings, Inc. (HTZ)|By:, SA News Editor

Analysts are buzzing over Hertz Global (HTZ -6.8%) after the company named a new CEO late yesterday.

Morgan Stanley (Equal Weight, $30 PT) sees more management departures for Hertz and for shares to stay under pressure.

Goldman Sachs (Sell, $22 PT) thinks Hertz's EBITDA margin guidance of 16% to 18% may be too aggressive.

Credit Suisse (Neutral, $27 PT) isn't sure a new CEO is the solution. "We believe investors should note that Ms. Marinello will be the 3rd CEO at Hertz in ~2 years," notes analyst Anjaneya Singh.

Previously: Hertz names Marinello as new president/CEO; Icahn approves (Dec. 13)

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