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Stock Market & Financial Investment News

News Breaks
April 17, 2014
06:57 EDTHTZ, URIHertz has positive read through from United Rentals results, says Wells Fargo
After United Rentals (URI) reported stronger than expected Q1 results, Wells Fargo thinks the company's results have positive implications for Hertz's (HTZ) equipment rental unit. The firm reiterates an Outperform rating on Hertz.
News For HTZ;URI From The Last 14 Days
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July 20, 2015
11:15 EDTURIFollow-up: H&E Equipment and United Rentals downgraded at Avondale
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11:04 EDTURIUnited Rentals downgraded to Market Perform from Outperform at Avondale
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10:00 EDTURIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abeona Therapeutics (ABEO) initiated with a Buy at MLV & Co.... Ashford Hospitality Prime (AHP) initiated with a Buy at Brean Capital... Catabasis Pharmaceuticals (CATB) initiated with an Outperform at Wedbush... Cellectis (CLLS) initiated with a Buy at BofA/Merrill... Gener8 Maritime (GNRT) initiated with a Buy at UBS... Glaukos (GKOS) initiated with a Buy at Cantor... Lantheus (LNTH) initiated with a Buy at Jefferies... PayPal (PYPL) initiated with an Overweight at JPMorgan... ZELTIQ (ZLTQ) initiated with an Overweight at Piper Jaffray... United Rentals (URI) initiated with an Underperform at Wolfe Research... TopBuild (BLD) initiated with an Overweight at KeyBanc.
09:28 EDTURIUnited Rentals initiated with an Underperform at Wolfe Research
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06:27 EDTHTZHertz reinstated with an Outperform at Credit Suisse
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July 17, 2015
16:24 EDTHTZOn The Fly: Top stock stories for Friday
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12:38 EDTHTZOn The Fly: Top stock stories at midday
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09:25 EDTHTZHertz restatements a 'game changer,' says Deutsche Bank
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09:24 EDTHTZHertz strength a selling opportunity, says Morgan Stanley
Morgan Stanley said Hertz is up to date on SEC filings and provided 2015 guidance that appears better than consensus. The firm believes consensus estimates are mostly "stale" numbers since the company has not filed in 18 months. Morgan Stanley would use the spike in shares to reduce exposure and maintains its Equal Weight rating.
09:07 EDTHTZOn The Fly: Pre-market Movers
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08:13 EDTHTZHertz 2015 EBITDA guidance better than feared, says Wells Fargo
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07:29 EDTHTZHertz volatility flat into financial restatement
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July 16, 2015
19:04 EDTHTZOn The Fly: After Hours Movers
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16:50 EDTHTZHertz rallies sharply in the extended session
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16:43 EDTHTZHertz up 15.4% after identifying accounting mistatements from FY11-FY13
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16:41 EDTHTZHertz identified accounting misstatements for FY11-FY13
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16:34 EDTHTZHertz sees $300M in annualized cost savings by end of FY15
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16:32 EDTHTZHertz expects HERC separation to be completed in Q2 of 2016
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16:29 EDTHTZHertz reaffirms plan to repurchase up to $1B of shares
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16:24 EDTHTZHertz sees FY15 U.S. RAC fleet capacity growth 0.5%-1.5%
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