In a recent update, Baird analyst Mircea Dobre has revised the price target for Herc Holdings (HRI, Financial), reducing it from $129 to $110. This adjustment follows a detailed analysis of the company's first-quarter performance, which presented indications of potential hurdles in its financial outlook.
The rating for Herc Holdings remains at Neutral, reflecting the firm's cautious stance in light of these anticipated challenges. The adjusted valuation comes after the company reported its Q1 results, signaling a need for recalibration amid a forecast of tougher market conditions ahead.
