Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on Avis Budget (CAR) to $130 from $145 and keeps a Neutral rating on the shares. The firm said 3Q marked the first quarter since 4Q23 where the company was able to grow the top line, with strength within International. They view Avis’s new path forward as strategically right-minded but they are looking for more detail on plans around converting RPD to sustainable positive growth, particularly within a demand backdrop that is cooperating.
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