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Avis Budget rallies after Morgan Stanley turns more constructive with upgrade to Equal-weight

May 05, 2023 7:28 AM ETAvis Budget Group, Inc. (CAR) StockBy: Clark Schultz, SA News Editor2 Comments
Avis Budget Group Reports Earnings As Revenue Plunges

Justin Sullivan/Getty Images News

Morgan Stanley upgraded Avis Budget Group (NASDAQ:CAR) to an Equal-weight rating on Friday after having the car rental stock slotted at Underweight.

Analyst Adam Jonas said Avis Budget's (CAR) Q1 results were strong with a positive forward view on

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