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

Rating:
Neutral CAR

Avis Budget Group, Inc. (CAR) rated Neutral with price target $1 by UBS

Posted on: Monday,  Jan 12, 2009  10:25 AM ET by UBS

Avis Budget Group, Inc.
(CAR) rated Neutral with price target $1 by UBS.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/12/2009 10:25 AM Hold
None
0.91 1.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/3/2008 10:25 AM Hold
None
5.63 6.50
5/8/2008 9:25 AM Hold
None
13.37 13.50
12/20/2007 8:25 AM Hold
None
13.00 14.00

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