** Shares of car rental firm Hertz HTZ.O jump 21.9% to $4.45 premarket
** Activist investor Bill Ackman's hedge fund, Pershing Square Capital Management, has a 12.7 million share stake in HTZ, as of December 31, 2024, according to an SEC filing
** Reuters reported last week that Pershing Square Holdings' portfolio has lost nearly 14% through April 8
** The losses reflect sharp global declines as investors reacted to the Trump administration's plans to impose heavy tariffs on nearly all trading partners
** Six out of 10 brokerages rate the Hertz stock at "hold", 4 rate "sell" and their median PT is $3 as per LSEG data
** As of last close, HTZ stock down 0.3% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
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