Hertz's Q3 Results, Outlook Lead To Massive Selloff: How Did Analysts React?

Hertz Global Holdings, Inc HTZ plunged more than 22 percent.

Q3 EPS missed by $1.15, while revenue fell by $0.1 billion. The company also offered a downbeat forecast.

Deutsche Bank downgraded the stock from Buy to Hold and slashed the target price from $59 to $24.

Northcoast Research downgraded from Buy to Neutral.

Credit Suisse retained a Neutral rating and price tag of $48.