News

Major firms downgrade Avis after stock doubles in single day, saying fundamentals no longer matter

By 118 views
0

A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport.

David Paul Morris | Bloomberg | Getty Images

Two top Wall Street firms are warning investors to back away from Avis Budget after the stock rocketed higher Tuesday.

Need to Know: The ‘Dow 36,000’ authors weren’t just 17 years late. Here’s the key mistake they made.

Previous article

Market Extra: It’s not a typo, the Dow transports really rose more than 1,000 points, because of Avis’ stock

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News