Hertz shares are likely going to $0, Morgan Stanley says (HTZ)

Morgan Stanley on Monday lowered its base case for Hertz to $0 from $2, citing risks of de-listing or a potential liquidity shortfall.  
The firm's base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $3 from $8. 
The updated price target reflects the bank's view "that our Bear case has a higher probability of occurring than our Bull case," wrote analyst Adam Jonas. 
The firm also believes that "it is more likely than not that equity