Avis Budget price target lowered to $195 from $240 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos lowered the firm’s price target on Avis Budget to $195 from $240 and keeps a Neutral rating on the shares. The analyst said while we are gradually getting more comfortable with the idea that supply-side pressures are likely to persist for the next 6 to 12 months, with growing 2H23 risk for the consumer, we’re staying on the sidelines.