Hertz Global Holdings, Inc. (HTZ) stock is soaring 5.07% during intraday trading on Friday, as investors continue to react positively to a recent analyst upgrade. The car rental company's shares are gaining momentum following Susquehanna's decision to raise its target price for Hertz.
Susquehanna, a prominent financial services firm, has increased its target price for Hertz Global from $4.45 to $5, signaling increased confidence in the company's future performance. This upgrade comes at a time when the travel and car rental industries are showing signs of recovery, potentially boosting Hertz's prospects.
The stock's significant upward movement suggests that investors remain optimistic about Hertz's outlook in light of the analyst upgrade. As the company continues to navigate the evolving travel landscape, market participants will be closely watching for further developments and potential catalysts that could impact Hertz Global's stock performance in the coming weeks.
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