Wells Fargo lowered the firm’s price target on Herc Holdings (HRI) to $160 from $189 and keeps an Overweight rating on the shares. The firm sees a favorable setup heading into earnings, macro permitting, as the Machinery supply-driven recovery is accelerating, non-residential recovery is broadening into semis, and cash conversion is improving.
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Read More on HRI:
- Herc Holdings price target lowered to $135 from $165 at Citi
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- Herc Holdings price target lowered to $165 from $185 at Citi
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