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JPMorgan Double Downgrades Avis Budget Group (CAR) to Underweight

November 3, 2021 5:42 AM EDT

JPMorgan analyst Ryan Brinkman downgraded Avis Budget Group (NASDAQ: CAR) from Overweight to Underweight with a price target of $225.00 (from $100.00).

The analyst comments "As one of the leading players in the global rental car industry, we believe Avis is well positioned to leverage growth in the industry and represents an... More