Barclays raised the firm’s price target on Herc Holdings (HRI) to $250 from $175 and keeps an Overweight rating on the shares post the Q3 report. The firm says the company’s 50% valuation discount to peers “is likely unsustainable.” Herc has similar fleet, customers, and regional coverage, and macro catalysts favor the company with less mega project risk and more macro upside from local, the analyst tells investors in a research note.
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Read More on HRI:
- Baird ups Herc Holdings target, names ‘bullish Fresh Pick’
- Herc Holdings rises 13.7%
- Herc Holdings reports Q3 adjusted EPS $4.35, consensus $4.48
- Herc Holdings still sees 2024 adjusted EBITDA $1.55B-$1.60B
- Herc Holdings Inc. (HRI) Q3 Earnings Cheat Sheet
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