Strategic Acquisitions, Expanding Product Portfolios, Accretive Partnerships Provide Strong Returns and Create Opportunities to Support Communities - Research Report on Hertz, Avis, Ryder, Air Lease, and Rent-A-Center

Mon Jun 3, 2013 8:00am EDT

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Strategic Acquisitions, Expanding Product Portfolios, Accretive Partnerships Provide Strong Returns and Create Opportunities to Support Communities - Research Report on Hertz, Avis, Ryder, Air Lease, and Rent-A-Center

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NEW YORK, June 3, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Hertz Global Holdings, Inc. (NYSE: HTZ), Avis Budget Group, Inc. (NASDAQ: CAR), Ryder System, Inc. (NYSE: R), Air Lease Corporation (NYSE: AL), and Rent-A-Center Inc. (NASDAQ: RCII). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Hertz Global Holdings, Inc. Research Report

On May 14, 2013, Hertz Global Holdings, Inc. (Hertz) announced that APR Energy and Hertz Dayim Equipment Rental have entered a partnership agreement to develop business for fast-track power solutions in the Kingdom of Saudi Arabia (KSA). Lois Boyd, Group President, Hertz Equipment Rental Corporation, said, "We are pleased to expand our equipment rental portfolio with large scale power solutions for our utility, construction and industrial customers in Saudi Arabia through the APR Energy and Hertz Dayim Equipment Rental partnership. With APR Energy's leading-edge power solutions, our customers will have access to cost-efficient, reliable electricity, on a fast-track basis, along with dedicated project management support." The Full Research Report on Hertz Global Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/db66_HTZ]

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Avis Budget Group, Inc. Research Report

On May 1, 2013, Avis Budget Group Inc. (Avis) reported its Q1 2013 financial results with total revenues of $1.7 billion, a 4.2% YoY increase due to approximately 2% increase in rental days and 2% increase in pricing. Adjusted EBITDA declined 21.8% YoY, to $93 million primarily due to increased costs incurred in the Company's International, truck rental and corporate & other operations. The Company's pricing increased 4% YoY in North America. Further, the Company completed its acquisition of Zipcar, the world's leading car sharing network, which contributed $14 million to the Company revenues in Q1 2013. "The first quarter progressed largely as we had anticipated, highlighted by strong year-over-year pricing trends in North America, which helped offset expected increases in fleet costs, and marked by challenging economic conditions in Europe," said Ronald L. Nelson, Avis Budget Group Chairman and Chief Executive Officer. Nelson added, "Our acquisition of Zipcar is progressing as planned, and we are already implementing actions to capture the benefits we expect to realize from this transaction." The Company expects its full-year 2013 revenue to be approximately in the range of $7.8 billion to $8.0 billion, representing an increase of 6% to 9% YoY. The Full Research Report on Avis Budget Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/2e8d_CAR]

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Ryder System, Inc. Research Report

On May 29, 2013, Ryder System, Inc. (Ryder) announced that it has supplied 14 MAN TGS tractor units and trailers on contract to the Ministry of Defence (MOD). Pat O'Brien, Ryder's Public Sector Business Development Director, commented, "We have been supplying trucks to the DST for the past 15 years as well as servicing and supplying vehicles to the MOD's white fleet, both in the UK and across Europe. We greatly value working in partnership with the MOD as a proven service provider and look forward to supporting the British armed forces for many years." The trucks will be based at the Defence School of Transport (DST) located at Normandy Barracks, Leconfield, East Yorkshire. The Full Research Report on Ryder System, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/4d11_R]

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Air Lease Corporation Research Report

On May 28, 2013, Air Lease Corporation (Air Lease) announced a long term lease agreement with Etihad Airways based in Abu Dhabi, United Arab Emirates, for one new Airbus A321-200 aircraft with sharklets, scheduled for delivery in April 2015. Kevin Knight, Chief Strategy and Planning Officer at Etihad Airways, said "Our expansion plans are well on track, and with this tenth A321 we will be able to provide additional depth and capacity to our existing network." The Company reported that Etihad Airways estimates it will deploy the A321 aircraft on short to medium-haul routes to the Middle East and India. The Full Research Report on Air Lease Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/0828_AL]

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Rent-A-Center Inc. Research Report

On May 17, 2013, Rent-A-Center, Inc. (Rent-A-Center) announced that they've donated Target gift cards valued at $5,000 to the Youth Automotive Training Center. "We selected the Youth Automotive Training Center in recognition of the organization's important work in meeting the needs and improving the lives of at-risk youth," said Xavier Dominicis, Vice President of Public Affairs at Rent-A-Center. Youth Automotive Training Center's goal is to prepare young adults who are at a disadvantage in their lives to become self-sufficient, productive, law-abiding citizens. The Full Research Report on Rent-A-Center Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/d003_RCII]

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SOURCE Wall Street Reports

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