Hertz price target raised to $5.50 from $5 at Susquehanna

Susquehanna raised the firm’s price target on Hertz (HTZ) to $5.50 from $5 and keeps a Neutral rating on the shares. The firm updated the company’s estimates post the Q1 report. Avis and Hertz posted “encouraging” revenue per day as both companies are managing their fleets “inside of demand,” the analyst tells investors in a research note. Susquehanna says demand into the spring is solid, but adds elevated gas prices and air fares are likely to weigh on the consumer.