Morgan Stanley analyst upgrades Avis Budget to buy for the first time, sees 65% upside

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Morgan Stanley analyst upgrades Avis Budget to buy for the first time, sees 65% upside
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jumped in premarket trading after Morgan Stanley upgraded the stock and raised its price target by nearly 50%. The new note, from auto analyst Adam Jonas, said that the used car market is recovering quicker than expected, which would help the financial outlook for Avis Budget.

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