Morgan Stanley Reiterates Overweight on Avis Budget Gr, Maintains $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Overweight rating on Avis Budget Group (NASDAQ:CAR) and maintained a price target of $230.
August 04, 2023 | 4:42 pm
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Morgan Stanley has reiterated an Overweight rating on Avis Budget Group, maintaining a price target of $230.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for the company. The maintained price target of $230 suggests that the analyst believes the stock is still undervalued, which could lead to upward pressure on the stock price in the short term.
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