Hertz Global Holdings, Inc. Just Reported A Surprise Profit And Analysts Updated Their Estimates

Hertz Global Holdings, Inc. (NASDAQ:HTZ) reported a surprise profit in its second-quarter results, with revenues exceeding expectations at US$2.4 billion. Despite the positive earnings, analysts lowered their average price target by 36% to US$2.78, indicating increased pessimism about the business's intrinsic value. The company is forecast to grow revenue at a rate similar to the wider industry, but analysts have widely divergent views on its valuation.