Hertz Global Holdings, Inc. (NASDAQ:HTZ) saw a second day of gains, rising 11.78% to $7.97 per share, driven by investor optimism following an investment firm’s price target upgrade.

Deutsche Bank increased Hertz Global’s price target to $5.25 from $4, citing rising short interest and a billionaire hedge fund manager’s increased stake in the company.

Billionaire Bill Ackman raised his ownership in Hertz Global through direct share purchase and total return swaps, positioning the company for improvement by implementing strategic changes to enhance profit margins.

Hertz Global is transitioning its fleet to reduce depreciation expenses significantly, making strategic changes to boost unit revenues and cut operating costs.

Investors should consider the potential of HTZ as an investment, but also explore AI stocks that offer higher returns and limited downside risk, especially in the current market conditions.

Read more at Yahoo Finance: Hertz Global (HTZ) Jumps 11.8% on Higher Price Target