Hertz Shares Are Being Crushed Because of a New Perfect Storm in the Auto Industry
Hertz Global Holdings Inc (HTZ) stock fell 10% mid-morning Monday after Barclays analysts concerned with used car values and weak rental car pricing downgraded the rental car company.
Barclays said the combination of company-specific and industry-wide issues have created the "perfect storm" for Hertz.
Hertz's mounting challenges in earnings recovery and structural issues could have a binary effect on industry peer...