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Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades - Hertz Global Holdings (NASDAQ:HTZ)

Hertz Global Holdings, Inc (NASDAQ:HRZ) navigates challenges with a 1.6% sales growth in Q1 FY24 to $2.08 billion. Despite a $(1.28) adjusted EPS missing estimates, analysts remain cautious. Goldman Sachs reaffirms a Sell rating, cutting the price target to $4 from $7. Concerns linger over HTZ's liquidity and fleet management, with ongoing scrutiny on First Lien Covenant compliance, especially amid a $400 million free cash flow burn projected for FY24.
Adam Jonas Johnp Babcock Goldman Sachs Morgan Stanley Hertz Global Holdings Inc Global Holdings

FX's 'Alien' Series Adds 'Foundation' Actress Sandra Yi Sencindiver, Filming Continues In Thailand

EXCLUSIVE: Foundation star Sandra Yi Sencindiver has joined FX and Noah Hawley’s Alien series which is filming in Thailand. Exec-produced by Ridley Scott, the prequel series will be set towards the end of this century (a few years before Prometheus, and some thirty years before Scott’s film). It’ll be the first project in the franchise to …
United States New South Wales Adarsh Gourav Babou Cessay John Landgraf Ridley Scott
Source: yahoo.com

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