Goldman Sachs Initiates Coverage On Avis Budget Gr with Sell Rating, Announces Price Target of $164
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Lizzie Dove has initiated coverage on Avis Budget Group (NASDAQ:CAR) with a Sell rating and set a price target of $164.
December 07, 2023 | 10:26 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs issued a Sell rating on Avis Budget Group with a price target of $164, potentially influencing the stock's performance negatively in the short term.
Analyst ratings, especially from prominent financial institutions like Goldman Sachs, can significantly impact investor sentiment. A Sell rating suggests that the analyst believes the stock will underperform the market or its sector, which could lead to a decrease in its stock price. The announcement of a specific price target provides a benchmark that some investors may consider as an indicator of the stock's potential downside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100