Avis Budget Falls 2.8% After DB Downgrade

Avis Budget Group (NASDAQ:CAR) shares fell 2.8% on Monday following Deutsche Bank’s downgrade from Buy to Hold.
Analyst Chris Woronka kept a $128 price target, citing valuation concerns and difficulty justifying the current price with traditional metrics.
The downgrade is not a sell recommendation; the analyst notes potential upside from a short‑squeeze and technical trading dynamics.
Shares have surged 91% since a March 20 Pentwater Capital filing, far outpacing the S&P 500’s 1% gain.