B of A Securities Maintains Buy on Avis Budget Gr, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Babcock maintains a Buy rating on Avis Budget Group (CAR) but lowers the price target from $170 to $140.

May 01, 2024 | 5:14 pm
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B of A Securities maintains a Buy rating on Avis Budget Group but lowers the price target from $170 to $140.
The maintenance of a Buy rating indicates a positive outlook on the company's fundamentals or growth prospects, while the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors. This mixed signal could lead to short-term price volatility as investors reassess their positions based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100