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News Breaks
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November 2, 2009
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| 07:56 EDT |  | HTZ |
| theflyonthewall.com: | Hertz Global should be bought on weakness, says Wells Fargo | | After listening to Hertz's earnings conference call, Wells Fargo believes the company is poised to increase its earnings significantly next year. The firm maintains an Outperform rating on the stock. :theflyonthewall.com |
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January 31, 2012
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| 17:36 EDT |  | HTZ |
| theflyonthewall.com: | Hertz Global comments on equipment rental business | | On January 10, Hertz Global Holdings participated in the Deutsche Bank Global Auto Industry Conference, and presented a web cast overview of the business and investment considerations. The company also provided certain 2012 revenue assumptions at the conference, which included 9% to 10% worldwide revenue growth for its equipment rental business. The company recently clarified that the 9-10% growth will be driven by an estimated 14% increase in its U.S. operations. Additionally, on January 17, the company announced the acquisition of Cinelease, the U.S. market leader in lighting and grip rentals for television production. At that time, Hertz estimated the acquisition would add an incremental 3% to global equipment rental revenue this year, which equates to at least 17% U.S. growth. :theflyonthewall.com |
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