Markets

Hertz shares are likely going to $0, Morgan Stanley says

Morgan Stanley on Monday lowered its base case for Hertz to $US0 from $US2, citing risks of de-listing or a potential liquidity shortfall. The firm’s base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $US3 from $US8. The updated price […]
Hertz shares are likely going to $0, Morgan Stanley says