Avis Budget Group shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group's stock is trading higher following an upgrade from Morgan Stanley, which changed its rating from Equal-Weight to Overweight.
June 20, 2023 | 6:14 pm
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Avis Budget Group (CAR) shares are up after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Morgan Stanley's upgrade of Avis Budget Group's stock from Equal-Weight to Overweight is a positive signal for investors, indicating that the firm believes the stock has potential for growth. This news is likely to increase demand for the stock, driving its price higher in the short term.
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IMPORTANCE 80
RELEVANCE 100