Loading Page...

Why is Hertz stock dropping?

Shares of Hertz Global on Thursday declined after Oppenheimer cut its target price on the company's stock as it lowers its third-quarter and full-year outlook. At 12:56 pm E.T., shares were down 8.4%, at $13.82. The stock has dropped 21% in the past three months.



People Also Ask

Hertz Sued by Customers Stopped by Police After Their Rentals Were Mistakenly Reported Stolen.

MORE DETAILS

The Rating Outlook is Stable. Fitch has also affirmed Hertz's senior secured term loan and senior secured revolving credit facility at 'BB'/'RR1' and senior unsecured notes at 'B'/'RR4'.

MORE DETAILS

Hertz will pay $168 million to settle 364 claims related to the company falsely reporting rental cars as stolen.

MORE DETAILS