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- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
JPMorgan Double Downgrades Avis Budget Group (CAR) to Underweight
November 3, 2021 5:42 AM EDTJPMorgan 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
