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Hertz Global Holdings, Inc (HTZ) [hlAlert]

down 32.33 %

Hertz Global Holdings, Inc (HTZ) upgraded to Buy with price target $12 by Argus

Posted on: Tuesday,  Nov 24, 2009  8:25 AM ET by Argus

Argus rated Buy Hertz Global Holdings, Inc (NYSE: HTZ) on 11/24/2009. Previously Argus rated Sell Hertz Global Holdings, Inc (NYSE: HTZ) on
04/30/2009., when the stock price was $6.80. Since then, Hertz Global Holdings, Inc has gained 47.79% as of 11/24/2009's recent price of $10.05.
If you would have followed the previous Argus's recommendation on HTZ, you would have lost 32.33% of your investment in 208 days.

Hertz Global Holdings, Inc. (Hertz Holdings) is a general use car rental brand and is engaged in equipment rental businesses in the United States and Canada. The Company and its independent licensees and associates accept reservations for car rentals at approximately 8,100 locations in approximately 145 countries. In the Company?s equipment rental business segment, it rents equipment through approximately 345 branches in the United States, Canada, France, Spain and China, as well as through its international licensees. It operates in two segments: car rental and equipment rental. In April 2009, the Company completed the acquisition of Advantage Rent A Car assets. In July 2009, Matthews Equipment Limited, Hertz Holdings? Canadian equipment rental subsidiary, acquired assets of the equipment rental business conducted by J.D. Irving, Limited under the name Irving Industrial Rentals (IIR).

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2009 8:25 AM Buy
10.05 12.00
as of 12/31/2009
1 Week up  12.76 %
1 Month up  42.44 %
3 Months up  46.10 %
1 YTD down  -8.89 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2009 8:25 AM Sell

(*) Stock Price at the time of the recommendation.
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