-
Analyst Stays Bullish On Hertz After Dismal Q2, Questions Remain
Wednesday, August 9, 2017 - 10:59am | 440Read More...Hertz Global Holdings, Inc. (NYSE: HTZ) shares jumped more than 18 percent on Wednesday morning despite the company reporting Q2 earnings and revenue misses. Investors weren’t the only ones that stayed bullish on Hertz following what appeared to be a lackluster quarter. MKM Partners analyst...
-
Hertz's EBITDA May Bottom In Q2
Thursday, July 6, 2017 - 4:06pm | 396Read More...While the rental car industry as a whole has struggled recently, the second quarter may be softer for Hertz Global Holdings Inc (NYSE: HRI). However, it could also mark a bottom for the company. “We are lowering our 2Q adj. Corp. EBITDA to $30mn from $55mn," said MKM Partners analyst...
-
Avis, Hertz Provide Glimpses Into The Car Rental Space Of An Autonomous Future
Tuesday, June 27, 2017 - 10:39am | 522Read More...It’s not just Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) that could see major changes to their businesses at the dawn of the automated-vehicle era. According to new reports, car rental companies Avis Budget Group Inc. (NASDAQ: CAR) and Hertz Global Holdings, Inc (NYSE...
-
3 Reasons Marriott Is MKM's Top Pick For 2017
Monday, December 19, 2016 - 12:16pm | 328Read More...Marriott International Inc (NASDAQ: MAR) is MKM Partners' Top Pick for 2017, given “(1) stronger corporate transient demand, (2) accelerating share repurchases, and (3) execution of revenue and cost synergies from the Starwood acquisition.” Marriott guided RevPAR growth of 0...
-
Hertz CEO Change Met With Mixed Reactions
Wednesday, December 14, 2016 - 12:21pm | 538Read More...The CEO change at Hertz Global Holdings, Inc (NYSE: HTZ) was met with mixed reactions from the Street, while shares fell as much as 4 percent on the news. The negative share movement suggests investors are not too happy with the development. The Estero, Florida-based rental car company named...
-
Car Rental Outlook Getting Better, MKM Says
Monday, April 25, 2016 - 10:29am | 292Read More...Both Hertz Global Holdings Inc (NYSE: HTZ) and Avis Budget Group Inc. (NASDAQ: CAR) indicated pricing weakness in 1Q. MKM Partners’ Christopher Agnew maintained Buy rating for both companies, saying that the outlook seems to be improving due to industry actions. Hertz mentioned during its...
-
MKM: Time To Buy Diamond Resorts, There's More Upside After February Strategic Review
Friday, April 15, 2016 - 10:59am | 248Read More...In February 2016, Diamond Resorts International Inc (NYSE: DRII) launched a strategic review to unlock shareholder value. MKM Parners’ Christopher Agnew initiated coverage of the company with a Buy rating and a price target of $27. Analyst Christopher Agnew expects leisure focused...
-
Wall St: Buy ClubCorp Weakness, Same Old Short Story
Thursday, April 7, 2016 - 3:19pm | 510Read More...Analyst Christopher Agnew of MKM Partners recommend investors buy the weakness in ClubCorp Holdings Inc (NYSE: MYCC) whose shares fell more than 10 percent after a short thesis report from Kerrisdale Capital. Nothing New "We completely disagree with the fund's conclusions, and would...
-
Lodging M&A Isn't Over: How InterContinental Hotels Fits Into The Puzzle
Tuesday, September 22, 2015 - 12:43pm | 441Read More...Recent reports of InterContinental Hotels Group PLC (ADR) (NYSE: IHG)'s potential buyout of Fairmont Hotels confirms MKM Partners' belief that the hotel industry is positioned for further consolidation. MKM believes that InterContinental’s fee business is underappreciated....
-
Avis Budget Group Has Many Things Going For It, Including This Catalyst
Tuesday, September 22, 2015 - 9:28am | 288Read More...Avis Budget Group Inc (NASDAQ: CAR) shares have lost 34 percent year-to-date, after touching a high of $66.66 on January 7. MKM Partners’ Christopher Agnew maintained a Buy rating on the company, with a price target of $70. Updates from the company’s CFO David Wyshner at a...
-
Don't Forget About Travel And Leisure Stocks, Investors
Wednesday, August 26, 2015 - 1:50pm | 496Read More...MKM Partners analyst Christopher Agnew argued in a note on Wednesday that travel and leisure related stocks have sold off with the general market on macro concerns. The analyst argued that the move may not be fully justified and picked out four names whose fundamentals should be "much less"...
-
Why MKM Just Upgraded Marriott Vacations (Hint: The Market Overreacted)
Friday, July 24, 2015 - 11:19am | 226Read More...In a report published Friday, MKM Partners analyst Christopher Agnew upgraded the rating on Marriott Vacations Worldwide Corp (NYSE: VAC) from Neutral to Buy, while raising the price target from $97 to $100. The analyst believes that the market has overreacted to the company's robust earnings and...
-
Deutsche Bank Called Hertz Spike 2 Days Early
Friday, July 17, 2015 - 10:34am | 333Read More...Shares of car rental company Hertz Global Holdings Inc (NYSE: HTZ) are surging 12 percent on Friday following the company’s restatement of more than two years of financial results. The company’s 10k filing provided some clarity to the market, and many investors seem to think that...
-
MKM Partners Thinks Avis Budget Group Inc. Stock Overreacted
Wednesday, October 1, 2014 - 11:12am | 151Read More...Avis Budget Group Inc. (NASDAQ: CAR) stock overreacted to full year guidance on September 30, according to a report from MKM Partners. Analyst Christopher Agnew noted that the stock is 15 percent off its highs, but reiterated his Buy rating and $80 price target. Agnew mentioned four factors...
