Auto Rental Companies - AVI, BD, HRZ, DTG, AN Message Board

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Non-Tech : Auto Rental Companies - AVI, BD, HRZ, DTG, AN

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To: Gabor who wrote (92)	5/18/1999 4:34:00 PM
From: Grommit	Read Replies (2) of 218

Two snips on the industry... BancBoston Robertson Stephens senior automobile services analyst Jordan Hymowitz today gave a positive quarter outlook for the rental car group, including Hertz (NYSE: HRZ - news; rated Buy), Avis (NYSE: AVI - news; rated Buy) and Dollar/Thrifty (NYSE: DTG - news; rated Buy). ''With continued positive pricing trends accompanied by strong transaction increases, we believe that Avis, Hertz and Dollar/Thrifty will exceed our quarterly estimates,'' said Hymowitz. ''Avis, in particular, recently commented that our $0.71 earnings per share estimate could be several pennies low.'' biz.yahoo.com also Car rental companies got a boost today after Merrill Lynch analyst Mark Miller raised his ratings on the industry saying it was 'undervalued' and will 'be able to raise prices because of strong demand.' He specifically recommends industry leaders, Avis (NYSE:AVI - news) , which gained $1 to $37.25, and Hertz (NYSE:HRZ - news) , which jumped $2.63 to $63.63 per share.

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