Analyst Stephanie Moore initiated coverage on Hertz with a buy rating.
Jefferies says it's "all revved up" on car rental company Hertz . The firm initiated coverage on Hertz with a buy rating and a $24 price target, implying shares jumping 30% from Monday's close.
Moore added that she sees a "structurally improved margin profile" which could further benefit from cost-cutting and revenue programs, in addition to an increasing mix of its higher-margin TNC business — which refers to its partnership with transportation network company Uber to rent Tesla vehicles. "With this business, HTZ now operates the largest EV fleet in the world.
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