Bank of America says the Hollywood strikes can hurt this little-known equipment rental stock
[ad_1] A “Hollywood ending” for Herc has been postponed, according to Bank America. Analyst Sherif El-Sabbahy double-downgraded shares to underperform from buy, citing the near-term impact from the ongoing writers and actors strike in Hollywood. He also reduced his price target to $140 from $150, which implies a 1.6% pullback from Thursday’s close. Herc rents … Read more