Hertz Global (NYSE:HTZ) is on the move in early trading after Macquarie upgrades the car rental stock to Outperform from Neutral.
The Macquarie team sees a "more functional oligopoly" in the sector benefiting Hertz.
The price target on Hertz is lifted to $30 from $26.
Hertz is up 4.46% premarket to $22.00 on volume of over 48K shares.
Sources: Bloomberg, Nasdaq.com
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