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Avis Budget’s (CAR) Outlook Weakens on Softening Demand and Pricing Risks, Says BofA

Upworthy Thursday, 4 September 2025 ()
Avis Budget Group Inc. (NASDAQ:CAR) is one of the most shorted stocks right now. On August 20, Bank of America analyst Federico Merendi downgraded Avis Budget Group (NASDAQ:CAR) to Underperform from Buy and lowered his price target to $113 from $120. Merendi argued that neither the fundamentals…
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