Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on Avis Budget to $117 from $145 and keeps a Neutral rating on the shares. The firm said with the used car market likely to remain volatile into 2024, they expect ongoing pressure within DPU for Avis Budget, with cost control key as they see risk skewing towards the downside for global travel and tourism demand into 2H24.
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