Herc Holdings price target lowered to $160 from $250 at Barclays

Barclays lowered the firm’s price target on Herc Holdings (HRI) to $160 from $250 and keeps an Overweight rating on the shares. The company’s “stable market view was rebuffed” by the Street on weak Q1 key performance indicators, the analyst tells investors in a research note. The firm says Herc’s path to improvement in 2025 and its reiterated guide “is still there, but complicated further” by the macro environment.