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Why Hertz Shares Are Surging Higher Wednesday
Wednesday, June 24, 2020 - 1:38pm | 327Shares of care rental company Hertz Global Holdings Inc (NYSE: HTZ), which filed for Chapter 11 bankruptcy in late May, were advancing strongly Wednesday. What Happened: Speculation concerning a sale of Hertz gained ground after Jefferies analyst Hamzah Mazari said in a note that the ...
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Hertz Upgraded By Macquarie Research: Here's Why
Thursday, January 18, 2018 - 12:49pm | 374Elevated investments and spending by Hertz Global Holdings, Inc (NYSE: HTZ) will soon result in a favorable impact to the rental car company's business, according to Wall Street's newest bull analyst. The Analyst Macquarie Research's Hamzah Mazari upgraded Hertz's stock...
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Hertz Shares Up 80% In 17 Days; Analysts Break Down Industry Trends
Monday, July 17, 2017 - 3:34pm | 641Hertz Global Holdings, Inc (NYSE: HTZ) continued to outperform the market on Monday as shares rose 3 percent. With Monday’s price action, Hertz is now up over 80 percent in the last 17 days and up over 40 percent in the last week. What Could Have Caused This Surge? Macquarie analyst Hamzah...
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Hertz Investors Feel The Pain Of Outsized Q3 Miss
Tuesday, November 8, 2016 - 3:47pm | 309Shares of Hertz Global Holdings, Inc (NYSE: HTZ) came crashing down to a new 52-week low of $17.20 on Tuesday after an outsized miss in its third quarter results. Even though the stock rebounded above $23 per share by early afternoon, it was still trading lower by around 35 percent from Monday...
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Credit Suisse Sees Markit Ltd. As Sailing Well Through Rough Waters
Tuesday, August 19, 2014 - 8:29am | 103In a report published Tuesday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating and $30.00 price target on Markit Ltd. (NASDAQ: MRKT). In the report, Credit Suisse noted, “MRKT's main barrier to entry is in credit and loan data, which the company developed through a ‘contributory...
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Credit Suisse Believes Top Line Growth Matters More Than Margins For Stericycle
Monday, July 7, 2014 - 9:24am | 122In a report published Monday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating and $140.00 price target on Stericycle (NASDAQ: SRCL). In the report, Credit Suisse noted, “We believe that operating leverage given lack of infrastructure pre-PSC deal should lead to much higher than...
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Credit Suisse Sees Gross Margin Holding Up For W.W. Grainger
Monday, July 7, 2014 - 9:11am | 116In a report published Monday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating and $310.00 price target on W.W. Grainger (NYSE: GWW). In the report, Credit Suisse noted, “Although we acknowledge gross margins will not increase at the same rate relative to last cycle, there is not...
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UPDATE: Credit Suisse Reiterates On ManpowerGroup Following Senior Management Meeting
Wednesday, June 4, 2014 - 10:03am | 147In a report published Wednesday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating on ManpowerGroup (NYSE: MAN), and raised the price target from $97.00 to $100.00. In the report, Credit Suisse noted, “Overall market trends in Q2 look in line with expectations despite French temp...
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Credit Suisse Downgrades Environmental Services Space
Thursday, April 17, 2014 - 4:03pm | 269In a report published Thursday, Credit Suisse analyst Hamzah Mazari downgraded the Environmental Services space from Market Weight to Underweight. Mazari expects waste pricing levels to fall below three percent due to higher inflation and without specific structural changes. The analyst commented...
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UPDATE: Credit Suisse Initiates Coverage on Stericycle on Positive Solid Waste Business
Monday, January 13, 2014 - 11:27am | 141In a report published Monday, Credit Suisse analyst Hamzah Mazari initiated coverage on Stericycle, Inc. (NASDAQ: SRCL) at Outperform, establishing a $140.00 price target. According to the report, the $140.00 price target is based on the analyst's normalized EBIDTA estimate of ~$920mm at ~16.5x...
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UPDATE: Credit Suisse Reiterates on Cintas Based on Updated Guidance
Monday, December 23, 2013 - 9:49am | 120In a report published Monday, Credit Suisse analyst Hamzah Mazari reiterated a Neutral rating on Cintas (NASDAQ: CTAS), and raised the price target from $56.00 to $60.00. In the report, Credit Suisse noted, “Our FY2014 EPS goes to $2.77 (from $2.74) based on updated guidance. Our FY2015 EPS goes...
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UPDATE: Credit Suisse Downgrades Clean Harbors on Greater Cyclicality, Higher Capex Intensity
Tuesday, November 12, 2013 - 10:23am | 182In a report published Tuesday, Credit Suisse analyst Hamzah Mazari downgraded the rating on Clean Harbors (NYSE: CLH) from Outperform to Neutral, but reiterated the $62.00 price target. In the report, Credit Suisse noted, “We are downgrading CLH shares to Neutral because of greater cyclicality and...
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UPDATE: Credit Suisse Lowers PT on Ritchie Bros. Auctioneers as CEO Loss is a Blow to the Stock
Wednesday, October 9, 2013 - 11:26am | 139In a report published Wednesday, Credit Suisse analyst Hamzah Mazari reiterated a Neutral rating on Ritchie Bros. Auctioneers (NYSE: RBA), but lowered the price target from $20.00 to $18.00. In the report, Credit Suisse noted, “We expect RBA shares to come under pressure tomorrow on the...
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UPDATE: Credit Suisse Downgrades Douglas Dynamics on Valuation
Wednesday, August 28, 2013 - 9:26am | 117In a report published Wednesday, Credit Suisse analyst Hamzah Mazari downgraded the rating on Douglas Dynamics (NYSE: PLOW) from Neutral to Underperform, but reiterated the $14.00 price target. In the report, Credit Suisse noted, “Downgrading PLOW shares based on valuation and lower dividend...