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Avis Budget Group, Inc. (CAR) [hlAlert]

Rating:
Underweight
CAR
down 35.42 %

Avis Budget Group, Inc. (CAR) rated Underweight by Morgan Stanley

Posted on: Tuesday,  Mar 19, 2013  8:25 AM ET by Morgan Stanley

Morgan Stanley rated Underweight Avis Budget Group, Inc. (NASDAQ: CAR) on 03/19/2013, when the stock price was $28.15.
Since then, Avis Budget Group, Inc. has gained 54.85% as of 12/14/2015's recent price of $43.59.
If you would have followed this Morgan Stanley's recommendation on CAR, you would have lost 35.42% of your investment in 1000 days.

Avis Budget Group, Inc. (Avis Budget) provides car and truck rentals and ancillary services to businesses and consumers in the United States and internationally. The Company operates two of the brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier to the commercial and leisure segments of the travel industry and Budget is a rental car supplier to the price-conscious segments of the industry. The Company operates in three business segments: Domestic Car Rental, consisting of its Avis and Budget United States car rental operations; International Car Rental, consisting of its international Avis and Budget car rental operations, and truck rental, consisting of its Budget truck rental operations.

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2013 8:25 AM Sell
None
28.15
as of 12/13/2013
1 Week up  1.36 %
1 Month down  -6.83 %
3 Months down  -20.39 %
1 YTD down  -28.34 %

(*) Stock Price at the time of the recommendation.
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