Avis Budget Group shares are trading lower after Susquehanna maintained a Neutral rating on the stock and lowered its price target from $145 to $117.
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group's stock trades lower as Susquehanna maintains a Neutral rating and reduces its price target from $145 to $117.

April 30, 2024 | 3:22 pm
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NEGATIVE IMPACT
Susquehanna lowered its price target for Avis Budget Group from $145 to $117, maintaining a Neutral rating.
The reduction in the price target by a notable financial institution like Susquehanna can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The maintenance of a Neutral rating indicates that while there may not be significant downside, there's also limited upside seen by Susquehanna, adding to the bearish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100