Jim Cramer on Hertz: "It's a Speculative Stock"

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the stocks Jim Cramer discussed recently. A caller asked whether they are being greedy by setting a price target of $8 for their exit from the stock. Cramer commented:

“Well, you know, it’s a speculative stock, and my feeling on speculative stocks, you’re in it to hit it big. I mean, in How to Make Money in Any Market, I urge people to speculate, and when they do, I urge that let them think big. And that’s what I’m going to tell you to do in Hertz Global Holdings. Even though I don’t think you can get there, you think it does, it’s your call.”

Hertz Global Holdings, Inc. (NASDAQ:HTZ) provides vehicle rental services under the Hertz, Dollar, and Thrifty brands and sells vehicles along with value-added services. A caller inquired about the stock during the November 11 episode, and Cramer replied:

“Oh, I’ll tell you, here’s what we’re going to do: we’re going to watch Hertz. We’re going to watch it. I think that you have made a strong recommendation. I appreciate that, coming on the show. It has been a contrary name. Maybe we gotta be more open-minded, and I want to thank Mike for the idea.”

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Disclosure: None. This article is originally published at Insider Monkey.