As the Hollywood writers’ and actors’ strike continues, a Bank of America analyst has turned bearish on a stock that provides rental equipment to studios in Hollywood for content creation, and filmmaking.
The HRI Analyst: Sherif El-Sabbahy double downgraded Herc Holdings Inc (NYSE:HRI) from Buy to Underperform and lowered the price target from $150 to $140, saying that the ongoing strike isn’t currently priced into consensus.
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